Yechiu Metal Recycling (China) (SHSE:601388) Momentum Rank : 9 (As of May. 17, 2024)

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What is Yechiu Metal Recycling (China) Momentum Rank?

Yechiu Metal Recycling (China) 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.

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Competitive Comparison of Yechiu Metal Recycling (China)'s Momentum Rank

For the Aluminum subindustry, Yechiu Metal Recycling (China)'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.

Yechiu Metal Recycling (China)'s Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Yechiu Metal Recycling (China)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yechiu Metal Recycling (China)'s Momentum Rank falls into.

Yechiu Metal Recycling (China) Momentum Rank Related Terms

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Yechiu Metal Recycling (China) (SHSE:601388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yechiu Metal Recycling (China) Ltd (SHSE:601388) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.88 Hufuhuang Road, Fuqiao Town, Jiangsu, Taicang, CHN

Website

http://www.yechiu.com.cn

Yechiu Metal Recycling (China) Ltd is engaged in the recycling, sorting, processing, melting and processing of metal resources. It involves in the collection of aluminum scrap resources from waste automobiles, construction materials, home appliances, etc. Its products are aluminum alloy ingots of various specifications and models. The products are widely used in automobiles, electrical appliances, machinery, construction, electricity, transportation, computers, packaging, hardware and other fields.

Yechiu Metal Recycling (China) (SHSE:601388) Headlines

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