Tang Palace (China) Holdings (HKSE:01181) Momentum Rank : 2 (As of May. 16, 2024)

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What is Tang Palace (China) Holdings Momentum Rank?

Tang Palace (China) Holdings has the Momentum Rank of 2.

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 Tang Palace (China) Holdings's Momentum Rank

For the Restaurants subindustry, Tang Palace (China) 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.

Tang Palace (China) Holdings's Momentum Rank Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tang Palace (China) Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tang Palace (China) Holdings's Momentum Rank falls into.

Tang Palace (China) Holdings Momentum Rank Related Terms

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Tang Palace (China) Holdings (HKSE:01181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TNGPF:USA

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauce, food ingredient, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. Majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich, brands.

Tang Palace (China) Holdings (HKSE:01181) Headlines

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