Tieling Newcity Investment Holding (Group) (SZSE:000809) Momentum Rank : 1 (As of May. 11, 2024)

View and export this data going back to 1998. Start your Free Trial

What is Tieling Newcity Investment Holding (Group) Momentum Rank?

Tieling Newcity Investment Holding (Group) has the Momentum Rank of 1.

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 Tieling Newcity Investment Holding (Group)'s Momentum Rank

For the Real Estate - Development subindustry, Tieling Newcity Investment Holding (Group)'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.

Tieling Newcity Investment Holding (Group)'s Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tieling Newcity Investment Holding (Group)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tieling Newcity Investment Holding (Group)'s Momentum Rank falls into.

Tieling Newcity Investment Holding (Group) Momentum Rank Related Terms

Thank you for viewing the detailed overview of Tieling Newcity Investment Holding (Group)'s Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Tieling Newcity Investment Holding (Group) (SZSE:000809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tieling Newcity Investment Holding (Group) Ltd (SZSE:000809) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 12, Jinshajiang Road, Fanhe New District, Liaoning Province, Tieling, CHN, 112000

Website

http://www.tielingnewcity.com.cn

Tieling Newcity Investment Holding Ltd is a China-based company engaged in the land development projects. Its business activities include first-level development business and urban operations. The first-level development business division includes municipal infrastructure construction and land project development. And the urban operations division includes water supply, sewage treatment, taxi operations, and advertising media.

Tieling Newcity Investment Holding (Group) (SZSE:000809) Headlines

No Headlines