Zhong Jia Guo Xin Holdings Co (HKSE:00899) Momentum Rank : 8 (As of Jun. 25, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Zhong Jia Guo Xin Holdings Co Momentum Rank?

Zhong Jia Guo Xin Holdings Co 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 Zhong Jia Guo Xin Holdings Co's Momentum Rank

For the Real Estate - Diversified subindustry, Zhong Jia Guo Xin Holdings 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.

Zhong Jia Guo Xin Holdings Co's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhong Jia Guo Xin Holdings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhong Jia Guo Xin Holdings Co's Momentum Rank falls into.

Zhong Jia Guo Xin Holdings Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Zhong Jia Guo Xin Holdings Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhong Jia Guo Xin Holdings Co (HKSE:00899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong Jia Guo Xin Holdings Co Ltd (HKSE:00899) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Connaught Road Central, Room 2601, 26th Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG, 168-200

Website

http://www.asiaresources899.com.hk

Zhong Jia Guo Xin Holdings Co Ltd is an investment holding company. The company's principle activities include mining business, water business, property development and property investments.

Executives

Green Deer Holdings Limited	2101 Beneficial owner
Lam Pik Lam	2201 Interest of corporation controlled by you
Liang Shulian	2101 Beneficial owner
Full Tenda Development Limited	2101 Beneficial owner
Yao Jigen	2201 Interest of corporation controlled by you
Li Yuguo	2101 Beneficial owner

Zhong Jia Guo Xin Holdings Co (HKSE:00899) Headlines

No Headlines