Hongkong Land Holdings (Hongkong Land Holdings) Momentum Rank : 3 (As of May. 20, 2024)

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What is Hongkong Land Holdings Momentum Rank?

Hongkong Land Holdings has the Momentum Rank of 3.

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 Hongkong Land Holdings's Momentum Rank

For the Real Estate - Development subindustry, Hongkong Land Holdings'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.

Hongkong Land Holdings's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hongkong Land Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hongkong Land Holdings's Momentum Rank falls into.

Hongkong Land Holdings Momentum Rank Related Terms

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Hongkong Land Holdings (Hongkong Land Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hongkong Land Holdings Ltd (OTCPK:HKHGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HNGKY:USA H78:Singapore HKLD:UK HLH:Germany

Address

33-35 Street, Jardine House, 4th Floor, Hamilton, BMU

Website

https://www.hkland.com

Hongkong Land is a property investor focusing on holding prime commercial assets in Hong Kong, mainland China and Singapore. It is the largest office landlord in Hong Kong's Central Business District and the second largest in Hong Kong overall. The Central portfolio includes 4.1 million square feet of office space and 0.6 million square feet of retail space. The company also holds 1.6 million square feet of office space in Singapore. The company also has property development business in mainland China, Singapore, and Southeast Asia. Hongkong Land is dual listed on the London Stock Exchange and the Singapore Exchange. Jardine Matheson Holdings owns 53% of the company.

Hongkong Land Holdings (Hongkong Land Holdings) Headlines

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