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Goldstream Investment (HKSE:01328) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Goldstream Investment Momentum Rank?

Goldstream Investment has the Momentum Rank of 0.

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.

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Goldstream Investment (HKSE:01328) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldstream Investment Ltd (HKSE:01328) » Definitions » Momentum Rank
Comparable Companies
HKSE:00204 HKSE:820 HKSE:01835 HKSE:00214 HKSE:00993 HKSE:00129 HKSE:1062 HKSE:00080 HKSE:08657 HKSE:00905 BLK KKR BX OSTO:INVE A TSX:BN APO BK AMP OSTO:EQT LSE:III
Traded in Other Exchanges
N/A
Address
No. 8 Finance Street, Suite 08, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Website
https://www.goldstreaminvestment.com
Goldstream Investment Ltd is an investment holding company. The operating segments of the group are the IM business and SDI business. IM (Investment Management) business includes advisory services on securities and asset management; securities trading; and provision of the infrastructure of the investment management system. SDI (strategic direct investment) business includes the provision of making proprietary investments in the financial markets. The group has a business presence in Hong Kong; the PRC; the United States and others.
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Goldstream Investment (HKSE:01328) Headlines

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