Asiasec Properties (HKSE:00271) Momentum Rank : 8 (As of Jun. 23, 2024)

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What is Asiasec Properties Momentum Rank?

Asiasec Properties 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 Asiasec Properties's Momentum Rank

For the Real Estate Services subindustry, Asiasec Properties'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.

Asiasec Properties's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Asiasec Properties's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asiasec Properties's Momentum Rank falls into.

Asiasec Properties Momentum Rank Related Terms

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Asiasec Properties (HKSE:00271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Asiasec Properties Ltd (HKSE:00271) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

138 Gloucester Road, 9th Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG

Website

https://www.asiasec.com.hk

Asiasec Properties Ltd is an investment holding company which is involved in real estate, property leasing and management services. The company has aggregated its operations into one reportable segment, Property Leasing and Estate Management. Its prime source of revenue is the rental income from investment properties.

Executives

Allied Group Limited
Lee Seng Hui
Lee Seng Huang
Lee Su Hwei
Allied Properties (h.k.) Limited
Tian An China Investments Company Limited

Asiasec Properties (HKSE:00271) Headlines

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