China Unicom (Hong Kong) (FRA:XCI) Momentum Rank : 1 (As of Dec. 14, 2024)

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

What is China Unicom (Hong Kong) Momentum Rank?

China Unicom (Hong Kong) 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 China Unicom (Hong Kong)'s Momentum Rank

For the Telecom Services subindustry, China Unicom (Hong Kong)'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.

China Unicom (Hong Kong)'s Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Unicom (Hong Kong)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Unicom (Hong Kong)'s Momentum Rank falls into.

China Unicom (Hong Kong) Momentum Rank Related Terms

Thank you for viewing the detailed overview of China Unicom (Hong Kong)'s Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Unicom (Hong Kong) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Unicom (Hong Kong) Ltd (FRA:XCI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00762:Hong Kong XCI:Germany

Address

99 Queen\'s Road, 75th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.chinaunicom.com.hk

China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As of September 2024, it had 345 million billing wireless customers and around 115 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.

China Unicom (Hong Kong) Headlines

No Headlines