Haosen Fintech Group (HKSE:03848) Momentum Rank : 3 (As of May. 24, 2024)

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What is Haosen Fintech Group Momentum Rank?

Haosen Fintech 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 Haosen Fintech Group's Momentum Rank

For the Credit Services subindustry, Haosen Fintech 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.

Haosen Fintech Group's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Haosen Fintech Group's Momentum Rank distribution charts can be found below:

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

Haosen Fintech Group Momentum Rank Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Haosen Fintech Group (HKSE:03848) Headlines

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