Ningxia Buliding Materials Group Co (SHSE:600449) Momentum Rank : 8 (As of May. 14, 2024)

View and export this data going back to 2003. Start your Free Trial

What is Ningxia Buliding Materials Group Co Momentum Rank?

Ningxia Buliding Materials Group Co has the Momentum Rank of 8.

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 Buliding Materials Group Co's Momentum Rank

For the Building Materials subindustry, Ningxia Buliding Materials Group 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 Buliding Materials Group Co's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ningxia Buliding Materials Group Co's Momentum Rank falls into.

Ningxia Buliding Materials Group Co Momentum Rank Related Terms

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

Ningxia Buliding Materials Group Co (SHSE:600449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ningxia Buliding Materials Group Co Ltd (SHSE:600449) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021

Website

http://www.saimasy.com.cn

Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.

Ningxia Buliding Materials Group Co (SHSE:600449) Headlines

No Headlines