Ningxia Orient Tantalum Industry Co (SZSE:000962) Momentum Rank : 9 (As of May. 05, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Ningxia Orient Tantalum Industry Co Momentum Rank?

Ningxia Orient Tantalum Industry Co has the Momentum Rank of 9.

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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Ningxia Orient Tantalum Industry Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Ningxia Orient Tantalum Industry 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.

Ningxia Orient Tantalum Industry Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningxia Orient Tantalum Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ningxia Orient Tantalum Industry Co's Momentum Rank falls into.

Ningxia Orient Tantalum Industry Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ningxia Orient Tantalum Industry Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningxia Orient Tantalum Industry Co (SZSE:000962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningxia Orient Tantalum Industry Co Ltd (SZSE:000962) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.119 Yanjin Road, Ningxia, Shizuishan, CHN, 753000

Website

http://www.otic.com.cn

Ningxia Orient Tantalum Industry Co Ltd is specialized in research, development, and production of rare metals in China. It produces metals and alloys of tantalum, niobium, beryllium, and titanium, as well as SiC and PV abrasive materials, battery energy materials and others. These products are used in electronics, communication, aviation, airspace, metallurgy, oil chemicals, lighting, sports, medicals, atomic energy, solar energy and other fields. The company distributes its products in both Chinese and overseas markets.

Ningxia Orient Tantalum Industry Co (SZSE:000962) Headlines

No Headlines