Best Linking Group Holdings (HKSE:09882) Momentum Rank : 3 (As of May. 16, 2024)

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What is Best Linking Group Holdings Momentum Rank?

Best Linking Group 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 Best Linking Group Holdings's Momentum Rank

For the Specialty Industrial Machinery subindustry, Best Linking 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.

Best Linking Group Holdings's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Best Linking Group Holdings's Momentum Rank distribution charts can be found below:

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

Best Linking Group Holdings Momentum Rank Related Terms

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Best Linking Group Holdings (HKSE:09882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Best Linking Group Holdings Ltd (HKSE:09882) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Gongye 2nd Cross Road, Tutang 2nd Industrial Zone, Changping, Guangdong, Dongguan, CHN

Website

https://www.blg.hk

Best Linking Group Holdings Ltd is a slewing ring manufacturer in China. These slewing rings have applications in the areas of construction machinery and equipment, wind turbines, military equipment, and robotics. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Hong Kong, Japan, United States, China, Taiwan, Canada, Northern Island, Thailand, and other countries.

Best Linking Group Holdings (HKSE:09882) Headlines

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