Matrix Holdings (HKSE:01005) Momentum Rank : 3 (As of Jun. 21, 2024)

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What is Matrix Holdings Momentum Rank?

Matrix Holdings 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 Matrix Holdings's Momentum Rank

For the Leisure subindustry, Matrix 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.

Matrix Holdings's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Matrix Holdings's Momentum Rank distribution charts can be found below:

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

Matrix Holdings Momentum Rank Related Terms

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Matrix Holdings (HKSE:01005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Matrix Holdings Ltd (HKSE:01005) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Chatham Road South, Unit 01, Suite 1001, 10th Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.matrix.hk.com

Matrix Holdings Ltd, an investment holding company, manufactures and trades in toys and lighting products. It offers plastic, die-cast, and plush toys. The business activity of the group functions through the United States, Europe, Mexico, Canada, South America, Australia, New Zealand, and internationally from which it derives the majority of revenue from the United States. Manufacturing services offered by the group include design, prototyping, molding, product validation, multi-skilled manufacturing, general assembly, and packaging. The activities of the group are reported under single segment being manufacturing and trading of toys and lighting products.

Executives

Smart Forest Limited	2101 Beneficial owner
Cheng Yung Pun	2201 Interest of corporation controlled by you

Matrix Holdings (HKSE:01005) Headlines

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