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Ronshine Service Holding Co (HKSE:02207) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Ronshine Service Holding Co Momentum Rank?

Ronshine Service Holding Co 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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Ronshine Service Holding Co (HKSE:02207) Business Description

Traded in Other Exchanges
N/A
Address
Lane 226 Panyang Road, Room 401-3, Building No. 6, Minhang District, Shanghai, CHN
Ronshine Service Holding Co Ltd is principally engaged in the provision of property management services and related value-added services, including pre-delivery services, household assistance services, sales services, and other services in China. The company derives a majority of its revenue from the People's Republic of China.
Executives
Ou Zonghong 2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited 2301 Trustee
Rongan Juxiang Co., Ltd 2201 Interest of corporation controlled by you
Rongxin Yipin Co., Ltd 2101 Beneficial owner
Fumei International Co., Ltd 2101 Beneficial owner

Ronshine Service Holding Co (HKSE:02207) Headlines

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