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Shenwan Hongyuan (HK) (FRA:WAY) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Shenwan Hongyuan (HK) Momentum Rank?

Shenwan Hongyuan (HK) has the Momentum Rank of 0.

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.

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Shenwan Hongyuan (HK) (FRA:WAY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shenwan Hongyuan (HK) Ltd (FRA:WAY) » Definitions » Momentum Rank
Comparable Companies
HKSE:01461 HKSE:00279 HKSE:00235 HKSE:08540 HKSE:00139 HKSE:00030 HKSE:00227 HKSE:00613 HKSE:00223 HKSE:01141 MS GS SCHW ASX:MQG SHSE:600030 BSP:BPAC3 RJF TW LPLA SHSE:601066
Traded in Other Exchanges
00218:Hong Kong
Address
1 Queen's Road East, Tower 3, Level 6, Three Pacific Place, Hong Kong, HKG
Website
https://www.swhyhk.com
Shenwan Hongyuan (HK) Ltd is an investment holding company. It has five business segments including Corporate finance, Wealth management, Institutional services and trading, and Asset management, others. The company's operations are mainly located in Hong Kong. It derives a majority of its revenues from the Wealth management segment.

Shenwan Hongyuan (HK) (FRA:WAY) Headlines

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