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Allied Group (HKSE:00373) Momentum Rank : 4 (As of Dec. 14, 2024)


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What is Allied Group Momentum Rank?

Allied Group has the Momentum Rank of 4.

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 Allied Group's Momentum Rank

For the Credit Services subindustry, Allied Group'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.


Allied Group's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Allied Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Allied Group's Momentum Rank falls into.



Allied Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Allied Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Allied Group Business Description

Traded in Other Exchanges
N/A
Address
138 Gloucester Road, 22nd Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG
Allied Group Ltd is a Hong Kong-based investment holding company. Its operating segments are; Investment and finance which includes investment and provision of mortgage loan and term loan financing; the Consumer finance segment includes the provision of consumer, SME, and other financing; Property development includes the business of development of properties; Property investment includes property rental and hotel operations managed by third parties; Property management includes the provision of property management, cleaning and security guarding services; Elderly care services include the provision of elderly care services; Healthcare services consists of operation of hospitals; and the Corporate and other operations segment. Key revenue for the company is derived from Hong Kong.
Executives
Lee Seng Hui
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Lee Seng Huang
Lee Su Hwei
China Spirit Limited 2201 Interest of corporation controlled by you
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Chong Sok Un 2201 Interest of corporation controlled by you

Allied Group Headlines

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