Yixin Group (FRA:1YX) Momentum Rank : 8 (As of Jun. 23, 2024)

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What is Yixin Group Momentum Rank?

Yixin Group has the Momentum Rank of 8.

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 Yixin Group's Momentum Rank

For the Credit Services subindustry, Yixin 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.

Yixin Group's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yixin Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yixin Group's Momentum Rank falls into.

Yixin Group Momentum Rank Related Terms

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Yixin Group (FRA:1YX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (FRA:1YX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

02858:Hong Kong

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Yixin Group (FRA:1YX) Headlines

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