Minerva Group Holding (HKSE:00397) Momentum Rank : 6 (As of May. 30, 2024)

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What is Minerva Group Holding Momentum Rank?

Minerva Group Holding has the Momentum Rank of 6.

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.

Competitive Comparison of Minerva Group Holding's Momentum Rank

For the Financial Conglomerates subindustry, Minerva Group Holding'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.

Minerva Group Holding's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Minerva Group Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Minerva Group Holding's Momentum Rank falls into.

Minerva Group Holding Momentum Rank Related Terms

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Minerva Group Holding (HKSE:00397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Minerva Group Holding Ltd (HKSE:00397) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Unit 1804A, 18th floor, Far East Finance Centre, Hong Kong, HKG

Website

http://www.powerfinancial.com.hk

Minerva Group Holding Ltd Formerly Power Financial Group Ltd is principally engaged in the financial services business, money lending business, and asset investment, t. The company operates through four segments Financial Services segment provides financial services including securities brokerage, placing, and corporate finance advisory services in Hong Kong; the Money Lending segment provides loan financing in Hong Kong; and Assets investment segment that invests in debt securities earning fixed interest income, as well as investments in listed and unlisted equity securities and investment funds earning variable returns and gains. It derives the majority of its revenue from the Money lending segment. It derives revenue from Hong Kong.

Minerva Group Holding (HKSE:00397) Headlines

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