Tern Properties Co (HKSE:00277) Momentum Rank : 3 (As of May. 09, 2024)

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What is Tern Properties Co Momentum Rank?

Tern Properties Co 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 Tern Properties Co's Momentum Rank

For the Real Estate Services subindustry, Tern Properties 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.

Tern Properties Co's Momentum Rank Distribution in the Real Estate Industry

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

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

Tern Properties Co Momentum Rank Related Terms

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Tern Properties Co (HKSE:00277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tern Properties Co Ltd (HKSE:00277) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

237 Queen's Road Central, 26th Floor, Tern Centre, Tower I, Hong Kong, HKG

Website

https://www.tern.hk

Tern Properties Co Ltd is a Hong Kong-based company involved in the Property investment business where the company buys, sells, and leases properties as well as in the Treasury investment business where the company is engaged in investing in debt and equity securities. Geographically, the group principally operates in Hong Kong. The company derives key income from the Property investment business.

Tern Properties Co (HKSE:00277) Headlines

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