Central China Real Estate (HKSE:00832) Momentum Rank : 0 (As of Sep. 22, 2024)

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What is Central China Real Estate Momentum Rank?

Central China Real Estate has the Momentum Rank of 0.

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.

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Central China Real Estate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Real Estate Ltd (HKSE:00832) » Definitions » Momentum Rank

Traded in Other Exchanges

AJ5:Germany

Address

Nongye East Road, Block E, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.jianye.com.cn

Central China Real Estate Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company's main businesses include the development of property projects for sales and rental, as well as hotel operations. Its properties include Zhengzhou Tianzhu, Zhengzhou Triumph Plaza, Pingdingshan Eighteen Cities, and Jiaozuo Xiuwu Forest Peninsula, among others. Its hotels include Le Meridien Zhengzhou, Aloft Zhengzhou Shangjie, and Holiday Inn Nanyang, among others. The Company is also involved in the businesses of cultural tourism projects and light-asset model projects. The Company mainly operates businesses in Henan, China.

Executives

Joy Bright Investments Limited	2101 Beneficial owner
Wu Po Sum	2201 Interest of corporation controlled by you
You Dao Fa Zhan Guo Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
He Nan Tong Cheng Zhi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
He Nan Sheng Tie Lu Jian She Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Central China Real Estate Headlines

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