Lee Kee Holdings (HKSE:00637) Momentum Rank : 4 (As of May. 27, 2024)

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What is Lee Kee Holdings Momentum Rank?

Lee Kee Holdings 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 Lee Kee Holdings's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Lee Kee 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.

Lee Kee Holdings's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lee Kee Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lee Kee Holdings's Momentum Rank falls into.

Lee Kee Holdings Momentum Rank Related Terms

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Lee Kee Holdings (HKSE:00637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lee Kee Holdings Ltd (HKSE:00637) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Dai Fat Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.leekeegroup.com

Lee Kee Holdings Ltd is involved in the production and distribution of metals, along with quality assurance and testing, technical consultancy, and futures brokerage services. The company is engaged in the trading of zinc, zinc alloy, nickel, nickel-related products, aluminum, aluminum alloy, stainless steel, and other electroplating chemical products. Geographically, it derives a majority of its revenue from Mainland China and also has a presence in Hong Kong.

Executives

Chan Ka Chun Patrick	2501 Other
Okusako Chan Pui Shan Lillian	2501 Other

Lee Kee Holdings (HKSE:00637) Headlines

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