GR Life Style Co (HKSE:00108) Momentum Rank : 1 (As of May. 20, 2024)

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What is GR Life Style Co Momentum Rank?

GR Life Style Co 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 GR Life Style Co's Momentum Rank

For the Real Estate Services subindustry, GR Life Style Co'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.

GR Life Style Co's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, GR Life Style Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where GR Life Style Co's Momentum Rank falls into.

GR Life Style Co Momentum Rank Related Terms

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GR Life Style Co (HKSE:00108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GR Life Style Co Ltd (HKSE:00108) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 89 Queensway, Unit 3505, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.grproperties.com.hk

GR Life Style Co Ltd Formerly GR Properties Ltd is a Hong Kong-based investment holding company engaged in property businesses. It operates through the segments of property development and investment segment engages in property development and investment in the UK, the USA, and Mainland China; and the property management segment, which is the key revenue driver, engages in the provision of property management services for office buildings, residential properties and car parks in Mainland China.

GR Life Style Co (HKSE:00108) Headlines

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