Coastal Greenland (HKSE:01124) Momentum Rank : 8 (As of May. 06, 2024)

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

What is Coastal Greenland Momentum Rank?

Coastal Greenland 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 Coastal Greenland's Momentum Rank

For the Real Estate - Development subindustry, Coastal Greenland'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.

Coastal Greenland's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Coastal Greenland's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Coastal Greenland's Momentum Rank falls into.

Coastal Greenland Momentum Rank Related Terms

Thank you for viewing the detailed overview of Coastal Greenland's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Coastal Greenland (HKSE:01124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Coastal Greenland Ltd (HKSE:01124) » Definitions » Momentum Rank

Traded in Other Exchanges

CGR0:Germany

Address

1006 Fuzhong Third Road, 38th Floor, Noble Center, Futian District, Guangdong Province, Shenzhen, CHN

Website

http://www.coastal.com.cn

Coastal Greenland Ltd is an investment holding company principally engaged in the property-related business in the People's republic of China. The company operates through four business segments. The Property Development segment is engaged in the development of properties for sale. The Property Investment segment is engaged in investment in commercial and residential properties. The Project Management segment is engaged in the provision of project management services. The Project Investment Service segment is engaged in the provision of services about the investment in and the sales of property development and land development projects. The majority of the revenue is generated from the property development segment.

Coastal Greenland (HKSE:01124) Headlines

No Headlines