Asiaray Media Group (HKSE:01993) Momentum Rank : 2 (As of Apr. 25, 2025)

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What is Asiaray Media Group Momentum Rank?

Asiaray Media Group has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Asiaray Media Group's Momentum Rank

For the Advertising Agencies subindustry, Asiaray Media 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.

Asiaray Media Group's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Asiaray Media Group's Momentum Rank distribution charts can be found below:

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

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Asiaray Media Group Momentum Rank Related Terms

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Asiaray Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Asiaray Media Group Ltd (HKSE:01993) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kornhill Road, 16th Floor, Kornhill Plaza - Office Tower, Quarry Bay, Hong Kong, HKG

Website

https://www.asiaray.com

Asiaray Media Group Ltd is an investment holding company. It operates in three segments: the Airports business, which operates advertising services in airports; the Metro Lines and billboards business segment includes the operation of advertising services in metro lines; and billboards and building solutions; and Bus and other business, which provides advertising service in bus exterior & interior, and bus shelter, and also advertising services from other media spaces. Its geographical segments are Mainland China and Hong Kong, of which the vast majority of its revenue comes from Mainland China.

Executives

Media Cornerstone Limited
Ubs Trustees (b.v.i.) Limited
Space Management Limited
Lam Tak Hing
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ant Small And Micro Financial Services Group Co., Ltd.	2201 Interest of corporation controlled by you
Antfin (hong Kong) Holding Limited	2101 Beneficial owner
Hang Zhou Yun Qiang Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Great World Hk Media Pte. Ltd.	2101 Beneficial owner
L Capital Asia 2 Gp	2201 Interest of corporation controlled by you
L Capital Asia 2 Lp	2201 Interest of corporation controlled by you

Asiaray Media Group Headlines

No Headlines