China Gold International Resources (TSX:CGG) Momentum Rank : 9 (As of May. 16, 2024)

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What is China Gold International Resources Momentum Rank?

China Gold International Resources 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 China Gold International Resources's Momentum Rank

For the Other Precious Metals & Mining subindustry, China Gold International Resources'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.

China Gold International Resources's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Gold International Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Gold International Resources's Momentum Rank falls into.

China Gold International Resources Momentum Rank Related Terms

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China Gold International Resources (TSX:CGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Gold International Resources Corp Ltd (TSX:CGG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JINFF:USA 02099:Hong Kong JI3:Germany

Address

505 Burrard Street, Suite 660, One Bentall Centre, Vancouver, BC, CAN, V7X 1M4

Website

https://www.chinagoldintl.com

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company's revenue is derived from gold mining, a significant portion of sales still result from copper production. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources. The vast majority of the company's gold output is sold to China National Gold Corporation and its subsidiaries.

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