Richly Field China Development (HKSE:00313) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is Richly Field China Development Momentum Rank?

Richly Field China Development 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.

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Richly Field China Development (HKSE:00313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Richly Field China Development Ltd (HKSE:00313) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.richlyfieldchinagroup.com

Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.

Executives

Galaxy Sharp Investment Holdings Limited	2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited	2201 Interest of corporation controlled by you
Wu Peipei	2201 Interest of corporation controlled by you
Wang Hua	2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si	2101 Beneficial owner
Du Wei	2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si	2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you

Richly Field China Development (HKSE:00313) Headlines

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