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FDHC (Fidelity Holding) Momentum Rank : 0 (As of Sep. 27, 2024)


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What is Fidelity Holding Momentum Rank?

Fidelity 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.

Fidelity Holding Momentum Rank Related Terms

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Fidelity Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fidelity Holding Corp (OTCPK:FDHC) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
Unit 1, 14th Floor, Bank of East Asia, Harbour View Center, Wan Chai, Hong Kong, HKG, 999077
Website
http://www.fidelityfdhc.com
Fidelity Holding Corp divested of previous operations and seeking new business opportunities. Previously, the company through its subsidiary has developed proprietary technology which is focused on the recovery of heavy oil from mature onshore U.S. fields. It is looking to acquire and invest in strategic intellectual property assets, financial technology, and global supply chain opportunities.

Fidelity Holding Headlines

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