Xingye Alloy Materials Group (HKSE:00505) Momentum Rank : 6 (As of May. 27, 2024)

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What is Xingye Alloy Materials Group Momentum Rank?

Xingye Alloy Materials Group 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.

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

Competitive Comparison of Xingye Alloy Materials Group's Momentum Rank

For the Copper subindustry, Xingye Alloy Materials Group'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.

Xingye Alloy Materials Group's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xingye Alloy Materials Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xingye Alloy Materials Group's Momentum Rank falls into.

Xingye Alloy Materials Group Momentum Rank Related Terms

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Xingye Alloy Materials Group (HKSE:00505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xingye Alloy Materials Group Ltd (HKSE:00505) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

37-39 Hung To Road, Flat 11, 11th Floor, Hung Tai Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.xingyealloy.com

Xingye Alloy Materials Group Ltd is an investment holding company engaged in the copper products business. The principal activities of the company are the manufacturing and sales of high-precision copper plates and strips, trading of raw materials, provision of processing services, the management of a portfolio of investment and development, and operation and distribution of internet and mobile gaming products The company generates its revenue from Mainland China, South Korea, Hong Kong, Taiwan, Bangladesh, India, Thailand, and Other countries.

Executives

Hu Changyuan	2101 Beneficial owner
Yu Yuesu	2202 Interest of your spouse
Ma Jiafeng	2201 Interest of corporation controlled by you
Xie Shicai	2201 Interest of corporation controlled by you
Dynamic Empire Holdings Limited	2201 Interest of corporation controlled by you
Come Fortune International Limited	2101 Beneficial owner
Zedra Trust Company (singapore) Limited	2301 Trustee
Bostone Group Limited	2101 Beneficial owner

Xingye Alloy Materials Group (HKSE:00505) Headlines

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