China Lesso Group Holdings (HKSE:02128) Momentum Rank : 7 (As of May. 30, 2024)

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What is China Lesso Group Holdings Momentum Rank?

China Lesso Group Holdings has the Momentum Rank of 7.

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 Lesso Group Holdings's Momentum Rank

For the Building Products & Equipment subindustry, China Lesso Group 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 Lesso Group Holdings's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Lesso Group Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Lesso Group Holdings's Momentum Rank falls into.

China Lesso Group Holdings Momentum Rank Related Terms

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China Lesso Group Holdings (HKSE:02128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Lesso Group Holdings Ltd (HKSE:02128) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan, CHN, 528318

Website

https://www.lesso.com

China Lesso Group Holdings Ltd is engaged in the manufacturing and selling of piping and building materials in Mainland China. The company provides high-quality products and services such as plastic piping, building materials, and home improvement, new energy, environmental protection, and operates a supply chain service platform. The company has eight operating segments based on the geographical areas which include Southern China, Southwestern China, Central China, Eastern China, Northern China, Northwestern China, Northeastern China, and Outside China, all of which include various Chinese provinces.

Executives

New Fortune Star Limited	2101 Beneficial owner
Xi Xi Development Limited	2201 Interest of corporation controlled by you
Wong Luen Hei	2307 Founder of a discretionary trust who can infl
Zuo Xiaoping	2305 Beneficiary of a trust

China Lesso Group Holdings (HKSE:02128) Headlines

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