China Shun Ke Long Holdings (HKSE:00974) Momentum Rank : 3 (As of May. 12, 2024)

View and export this data going back to 2015. Start your Free Trial

What is China Shun Ke Long Holdings Momentum Rank?

China Shun Ke Long 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 China Shun Ke Long Holdings's Momentum Rank

For the Grocery Stores subindustry, China Shun Ke Long 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.

China Shun Ke Long Holdings's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, China Shun Ke Long Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Shun Ke Long Holdings's Momentum Rank falls into.

China Shun Ke Long Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of China Shun Ke Long Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Shun Ke Long Holdings (HKSE:00974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Shun Ke Long Holdings Ltd (HKSE:00974) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60 Hebin North Road, Huale Building, Floor 3, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315

Website

http://www.skl.com.cn

China Shun Ke Long Holdings Limited is a Hong Kong-based investment holding company principally engaged in the operation of retail outlets. The Company operates through two segments. Retail Outlet Operation segment is engaged in the operation of Shun Ke Long supermarkets and hypermarkets in Guangzhou, Foshan, Zhaoqing, and Zhuhai, among others. This segment also leases out part of its retail outlets to generate rental income. It also sells consumer goods through online shops. The wholesale Distribution segment is engaged in the wholesale distribution of goods. The Company mainly operates businesses in China and Macau.

China Shun Ke Long Holdings (HKSE:00974) Headlines

No Headlines