Kinh Bac City Development Holding (STC:KBC) Momentum Rank : 0 (As of Jun. 05, 2024)

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What is Kinh Bac City Development Holding Momentum Rank?

Kinh Bac City Development Holding has the Momentum Rank of 0.

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.

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Kinh Bac City Development Holding (STC:KBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kinh Bac City Development Holding Corp (STC:KBC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot B7, Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province, Hanoi, VNM

Website

https://www.kinhbaccity.vn

Kinh Bac City Development Holding Corp is a real estate company. It is engaged in the investment, construction, development, and management of infrastructure projects such as industrial parks, offices, trade centers, hotels, and finance and other projects. The company generates revenue in the form of land lease, leasing and sales of premises, warehousing, clean water supply, electricity, wastewater treatment, non-service, and transferring real estate. The company operates only in Vietnam.

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