Tibet Water Resources (HKSE:01115) Momentum Rank : 6 (As of Dec. 15, 2024)

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What is Tibet Water Resources Momentum Rank?

Tibet Water Resources has the Momentum Rank of 6.

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 Tibet Water Resources's Momentum Rank

For the Beverages - Brewers subindustry, Tibet Water Resources'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.

Tibet Water Resources's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tibet Water Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tibet Water Resources's Momentum Rank falls into.

Tibet Water Resources Momentum Rank Related Terms

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Tibet Water Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tibet Water Resources Ltd (HKSE:01115) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

United Centre 95 Queensway, Unit D, 23rd Floor, Admiralty, Hong Kong, HKG

Website

https://www.twr1115.net

Tibet Water Resources Ltd is an investment holding company engaged in the production and sales of water products and beer products in the PRC and the provision of lending services to third parties in Hong Kong with relevant licenses. Its flagship brand is 5100 Glacial Spring Water. Its beer is Highland barley beer. Its business is reported in two segments, the Water business segment and the Beer business segment. It generates the majority of its revenue from the Beer business segment. Its geographic areas are PRC and Hong Kong, it generates the majority of its revenue from the PRC.

Executives

Hsbc International Trustee Limited	2301 Trustee
Hope Empire Limited	2201 Interest of corporation controlled by you
Wholeking Holdings Limited	2101 Beneficial owner
Cai Kui	2307 Founder of a discretionary trust who can infl
Wang Zhi	2201 Interest of corporation controlled by you
Harvest Global Capital Investments Limited	2102 Investment manager
Tianshan Industry Investment Limited
Xin Jiang Jin Rong Tou Zi Ji Tuan You Xian Ze Ren Gong Si
Shen Wan Hong Yuan Ji Tuan Gu Fen You Xian Gong Si
Huo Er Guo Si Tian Shan Yi Hao Chan Ye Tou Zi Ji Jin You Xian He Huo Qi Ye
Xin Jiang Wei Wu Er Zi Zhi Qu Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui
Zhong Yang Hui Jin Tou Zi You Xian Ze Ren Gong Si
Xin Jiang Tian Shan Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si
Shen Wan Hong Yuan Chan Ye Tou Zi Guan Li You Xian Ze Ren Gong Si
Maple Essence Investments Limited	2101 Beneficial owner

Tibet Water Resources Headlines

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