Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) Momentum Rank : 5 (As of Sep. 22, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Yangzhou Guangling District Taihe Rural Micro-finance Co Momentum Rank?

Yangzhou Guangling District Taihe Rural Micro-finance Co has the Momentum Rank of 5.

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 Yangzhou Guangling District Taihe Rural Micro-finance Co's Momentum Rank

For the Credit Services subindustry, Yangzhou Guangling District Taihe Rural Micro-finance Co'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.

Yangzhou Guangling District Taihe Rural Micro-finance Co's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yangzhou Guangling District Taihe Rural Micro-finance Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yangzhou Guangling District Taihe Rural Micro-finance Co's Momentum Rank falls into.

Yangzhou Guangling District Taihe Rural Micro-finance Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Yangzhou Guangling District Taihe Rural Micro-finance Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Yangzhou Guangling District Taihe Rural Micro-finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd (HKSE:01915) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beizhou Road, No. 1 Hong Qi Avenue, Lidian Town, Guangling District, Jiangsu Province, Yangzhou, CHN

Website

http://www.gltaihe.com

Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd is engaged in microfinance business. The company offers micro and small loans in two formats, term loans, and loans under the credit facility to its customers. Its services are the granting of loans to Agriculture, Rural Areas and Farmers, provision of financial guarantees, acting as a financial institution agent, and other financial businesses. The Group's revenue is generated from the provision of loans to small and medium-sized and micro enterprises located at Yangzhou, Jiangsu Province in the PRC.

Yangzhou Guangling District Taihe Rural Micro-finance Co Headlines

No Headlines