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China Qidian Guofeng Holdings (HKSE:01280) Momentum Rank : 3 (As of May. 22, 2024)


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What is China Qidian Guofeng Holdings Momentum Rank?

China Qidian Guofeng 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 China Qidian Guofeng Holdings's Momentum Rank

For the Specialty Retail subindustry, China Qidian Guofeng 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.


China Qidian Guofeng Holdings's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Qidian Guofeng Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Qidian Guofeng Holdings's Momentum Rank falls into.



China Qidian Guofeng Holdings Momentum Rank Related Terms

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China Qidian Guofeng Holdings (HKSE:01280) Business Description

Traded in Other Exchanges
N/A
Address
No. 539 Wenchang Zhong Road, 6th Floor, Huiyin Building, Jiangsu Province, Yangzhou, CHN
China Qidian Guofeng Holdings Ltd Formerly Qidian International Co Ltd is an investment holding company. It is engaged in the retail of household appliances, mobile phones, computers, imported and general merchandise, and the provision of maintenance and installation services for household appliances in the PRC. The operating segments of the group are Traditional business; New retail business and All other segments. Its Traditional business includes the results from sales of household appliances, mobile phones, and computers. New retail business includes the results from sales of imported and general merchandise. All other segments include the results from rendering maintenance and installation services. The company generates prime revenue from the Traditional business segment.

China Qidian Guofeng Holdings (HKSE:01280) Headlines

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