GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Networks International Holdings Ltd (OTCPK:CNWHF) » Definitions » Momentum Rank

China Networks International Holdings (China Networks International Holdings) Momentum Rank : 0 (As of May. 27, 2024)


View and export this data going back to 2007. Start your Free Trial

What is China Networks International Holdings Momentum Rank?

China Networks International Holdings 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.

China Networks International Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of China Networks International Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Networks International Holdings (China Networks International Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Networks International Holdings Ltd (OTCPK:CNWHF) » Definitions » Momentum Rank
Comparable Companies
XITO TGLO CPKA PVNC ZYJT YUSG WISH STLY ECRD AHCP TJBH CCXX CCX FPAC VTIQ FEAC SPAQ CCH CPAA LSE:EVRA
Traded in Other Exchanges
N/A
Address
6A Jian Guo Men Wai Avenue, 801, 29th Floor, Block C, Central International Trade Center, Chao Yang District, Beijing, CHN
Website
China Networks International Holdings Ltd is a shell company.
Executives
Kerry Propper director, 10 percent owner CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075

China Networks International Holdings (China Networks International Holdings) Headlines

No Headlines