Kingdee International Software Group Co (Kingdee International Software Group Co) Momentum Rank : 2 (As of May. 06, 2024)

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What is Kingdee International Software Group Co Momentum Rank?

Kingdee International Software Group Co 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 Kingdee International Software Group Co's Momentum Rank

For the Software - Application subindustry, Kingdee International Software Group Co'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.

Kingdee International Software Group Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Kingdee International Software Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kingdee International Software Group Co's Momentum Rank falls into.

Kingdee International Software Group Co Momentum Rank Related Terms

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Kingdee International Software Group Co (Kingdee International Software Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kingdee International Software Group Co Ltd (OTCPK:KGDEY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KGDEF:USA 00268:Hong Kong KDIC:Germany

Address

Kingdee Software Park, No. 2 Kejinan 12 Road, South District, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.kingdee.com

Kingdee International Software Group Co Ltd is an investment holding company engaged in cloud services, including enterprise cloud services, small & micro business finance cloud services, and industry cloud services; and enterprise resource planning business, including development and sales of software products. it has three operating segments; Cloud services business Including enterprise cloud services, small & micro business finance cloud services, and industry cloud services, ERP business and others including sales of software and hardware products, provision of software implementation, software solution consulting, maintenance, upgrade and other supporting services, and others, and Investment Properties operating business include the Operation of investment properties.