Lizhong Sitong Light Alloys Group Co (SZSE:300428) Momentum Rank : 10 (As of May. 17, 2024)

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What is Lizhong Sitong Light Alloys Group Co Momentum Rank?

Lizhong Sitong Light Alloys Group Co has the Momentum Rank of 10.

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 Lizhong Sitong Light Alloys Group Co's Momentum Rank

For the Aluminum subindustry, Lizhong Sitong Light Alloys 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.

Lizhong Sitong Light Alloys Group Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lizhong Sitong Light Alloys Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lizhong Sitong Light Alloys Group Co's Momentum Rank falls into.

Lizhong Sitong Light Alloys Group Co Momentum Rank Related Terms

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Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lizhong Sitong Light Alloys Group Co Ltd (SZSE:300428) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100

Website

http://www.stnm.com.cn

Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.

Lizhong Sitong Light Alloys Group Co (SZSE:300428) Headlines

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