Kimou Environmental Holding (HKSE:06805) Momentum Rank : 3 (As of May. 19, 2024)

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What is Kimou Environmental Holding Momentum Rank?

Kimou Environmental Holding 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 Kimou Environmental Holding's Momentum Rank

For the Waste Management subindustry, Kimou Environmental Holding'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.

Kimou Environmental Holding's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Kimou Environmental Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kimou Environmental Holding's Momentum Rank falls into.

Kimou Environmental Holding Momentum Rank Related Terms

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Kimou Environmental Holding (HKSE:06805) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kimou Environmental Holding Ltd (HKSE:06805) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longhua Road, Longxi Street, Boluo County, Guangdong Province, Huizhou, CHN

Website

https://www.platingbase.com

Kimou Environmental Holding Ltd mainly involves the provision of factory premises and centralized wastewater treatment services. The company's operating segment includes Rental and facilities usage; Wastewater treatment and utilities and Sales of goods and ancillary business. It generates maximum revenue from the Wastewater treatment and utilities segment. Wastewater treatment and utilities segment operates electroplating wastewater treatment plants and provides services of utilities. Geographically, it derives revenue from China.

Kimou Environmental Holding (HKSE:06805) Headlines

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