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Inner Mongolia Xingye Silver & Tin Mining Co (SZSE:000426) Momentum Rank

: 6 (As of Today)
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Inner Mongolia Xingye Silver & Tin Mining Co has the Momentum Rank of 6.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

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Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Inner Mongolia Xingye Silver & Tin Mining Co's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Inner Mongolia Xingye Silver & Tin Mining Co Momentum Rank Distribution

For the Metals & Mining industry and Basic Materials sector, Inner Mongolia Xingye Silver & Tin Mining Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Xingye Silver & Tin Mining Co's Momentum Rank falls into.



Inner Mongolia Xingye Silver & Tin Mining Co Momentum Rank Related Terms

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Inner Mongolia Xingye Silver & Tin Mining Co (SZSE:000426) Business Description

Traded in Other Exchanges
N/A
Address
No. 76 Yulong Street, Xincheng District, Inner Mongolia, Chifeng, CHN, 024000
Inner Mongolia Xingye Silver & Tin Mining Co Ltd is a China-based company engages in the mining and smelting of non-ferrous and precious metals. Its products include lead, zinc, copper, iron, bismuth, tungsten, silver, tin, and other non-ferrous and black metals. Geographically the company mainly operates its business in the domestic market.

Inner Mongolia Xingye Silver & Tin Mining Co (SZSE:000426) Headlines

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