Guangzhou Holike Creative Home Co (SHSE:603898) Momentum Rank : 5 (As of May. 24, 2024)

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What is Guangzhou Holike Creative Home Co Momentum Rank?

Guangzhou Holike Creative Home Co has the Momentum Rank of 5.

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 Guangzhou Holike Creative Home Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Guangzhou Holike Creative Home 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.

Guangzhou Holike Creative Home Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangzhou Holike Creative Home Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangzhou Holike Creative Home Co's Momentum Rank falls into.

Guangzhou Holike Creative Home Co Momentum Rank Related Terms

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Guangzhou Holike Creative Home Co (SHSE:603898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangzhou Holike Creative Home Co Ltd (SHSE:603898) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Cyberport, No. 20 Keyun Road, 3rd Floor, Tianhe District, Guangzhou, CHN

Website

http://en.holike.com

Guangzhou Holike Creative Home Co Ltd is engaged in research and development, design, production and sales of panel furniture, synchronous development and sales of finished furniture and soft furnishings.

Executives

Shen Han Biao	Director
Lin Chang Sheng	senior management
Deng Tao	senior management
Zhou Yi	senior management

Guangzhou Holike Creative Home Co (SHSE:603898) Headlines

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