Courage Investment Group (HKSE:01145) Momentum Rank : 3 (As of Dec. 12, 2024)

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What is Courage Investment Group Momentum Rank?

Courage Investment Group 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 Courage Investment Group's Momentum Rank

For the Marine Shipping subindustry, Courage Investment Group'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.

Courage Investment Group's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Courage Investment Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Courage Investment Group's Momentum Rank falls into.

Courage Investment Group Momentum Rank Related Terms

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Courage Investment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Courage Investment Group Ltd (HKSE:01145) » Definitions » Momentum Rank

Traded in Other Exchanges

CIN:Singapore

Address

23 Harbour Road, Room 1501, 15th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.courageinv.com

Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment and Investment holding. It generates maximum revenue from the Marine transportation segment which comprises mainly vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Brilliant Epic Asia Limited	2201 Interest of corporation controlled by you
Success United Development Limited	2101 Beneficial owner
Suen Cho Hung, Paul	2201 Interest of corporation controlled by you

Courage Investment Group Headlines

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