KE Holdings (HKSE:02423) Momentum Rank : 0 (As of May. 26, 2024)

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What is KE Holdings Momentum Rank?

KE Holdings 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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KE Holdings (HKSE:02423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KE Holdings Inc (HKSE:02423) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BEKE:USA KE8:Germany

Address

No. 2 Chuangye Road, Oriental Electronic Technology Building, Haidian District, Beijing, CHN, 100086

Website

https://investors.ke.com

KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2022, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2502 Approved lending agent
Peng Yongdong	2307 Founder of a discretionary trust who can infl
Shan Yigang	2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited	2301 Trustee
Grain Bud Holding Limited	2201 Interest of corporation controlled by you
Propitious Global Holdings Limited	2101 Beneficial owner
Zhu Yan	2501 Other
Ample Platinum Holdings Limited	2201 Interest of corporation controlled by you
Baihui Partners L.p.	2201 Interest of corporation controlled by you
Ark Trust (hong Kong) Limited	2201 Interest of corporation controlled by you
Data Bliss Limited	2201 Interest of corporation controlled by you
Sapient Rich Holdings Limited	2201 Interest of corporation controlled by you
Clover Rich Limited	2101 Beneficial owner
Trident Trust Company (hk) Limited	2201 Interest of corporation controlled by you

KE Holdings (HKSE:02423) Headlines

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