Sinomax Group (HKSE:01418) Momentum Rank : 3 (As of Dec. 15, 2024)

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What is Sinomax Group Momentum Rank?

Sinomax 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 Sinomax Group's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Sinomax 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.

Sinomax Group's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sinomax Group's Momentum Rank distribution charts can be found below:

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

Sinomax Group Momentum Rank Related Terms

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Sinomax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sinomax Group Ltd (HKSE:01418) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Wang Chiu Road, Units 2005-2007, Level 20, Tower 1, MegaBox Enterprise Square Five, Kowloon Bay, Hong Kong, HKG

Website

https://www.sinomax.com

Sinomax Group Ltd is an investment holding company and is engaged in the manufacturing and marketing of visco-elastic health and wellness products globally. It focuses on the business of manufacture and sale of health and household products including visco-elastic pillows, mattress toppers and mattresses, and polyurethane foam, of which a majority of the revenue is generated from health and household products. Its operating segment consists of the China market, the North American market, Europe and another overseas market, and the majority of the revenue comes from the China market. Its own brands are Sinomax, Dream Serenity, Zeopedic, Homedics and others.

Executives

Lam Chi Fan	2101 Beneficial owner
Li Ching Hau	2202 Interest of your spouse
Chi Fan Holding Limited	2201 Interest of corporation controlled by you
Sinomax Enterprises Limited	2101 Beneficial owner
The James' Family Holding Limited	2201 Interest of corporation controlled by you
Vistra Trust (bvi) Limited	2301 Trustee
Cheung Shui Ying	2307 Founder of a discretionary trust who can infl

Sinomax Group Headlines

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