State Energy Group International Assets Holdings (HKSE:00918) Momentum Rank : 3 (As of May. 16, 2024)

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What is State Energy Group International Assets Holdings Momentum Rank?

State Energy Group International Assets Holdings has the Momentum Rank of 3.

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 State Energy Group International Assets Holdings's Momentum Rank

For the Apparel Manufacturing subindustry, State Energy Group International Assets Holdings'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.

State Energy Group International Assets Holdings's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, State Energy Group International Assets Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where State Energy Group International Assets Holdings's Momentum Rank falls into.

State Energy Group International Assets Holdings Momentum Rank Related Terms

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State Energy Group International Assets Holdings (HKSE:00918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » State Energy Group International Assets Holdings Ltd (HKSE:00918) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 13, 5th Floor, Tower 1, Harbour Centre, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.seiah.com/en/companyInfo

State Energy Group International Assets Holdings Ltd is an investment holding company. It is principally engaged in the sourcing, subcontracting, marketing, and selling of outerwear garments and sportswear products, property investment, and provision of marketing services. The company's operating segment includes Garment business; Property investment and Marketing services. Revenue mainly represents the consideration of goods sold, rental income received and receivable and marketing services provided. It generates maximum revenue from the Garment business segment.

State Energy Group International Assets Holdings (HKSE:00918) Headlines

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