KangLi International Holdings (HKSE:06890) Momentum Rank : 10 (As of Jan. 19, 2025)

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What is KangLi International Holdings Momentum Rank?

KangLi International Holdings has the Momentum Rank of 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.

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

Competitive Comparison of KangLi International Holdings's Momentum Rank

For the Steel subindustry, KangLi International Holdings'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.

KangLi International Holdings's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, KangLi International Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where KangLi International Holdings's Momentum Rank falls into.

KangLi International Holdings Momentum Rank Related Terms

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KangLi International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » KangLi International Holdings Ltd (HKSE:06890) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hengshanqiao Town, Wujin District, Wuyi County, Jiangsu Province, Changzhou, CHN

Website

http://www.jnpmm.com

KangLi International Holdings Ltd is engaged in the production and sales of unpainted and painted galvanized steel products to midstream steel product processors, and cold-rolled steel products to home appliance manufacturers. The company has three operating segments; the Hard steel coil segment includes the manufacture and sale of cold-rolled hard steel coil, the Unpainted galvanized steel products segment includes the manufacture and sale of hot-dipped galvanized/zinc-coated steel coil and sheet; the Painted galvanized steel products segment includes the manufacture and sale of hot-dipped color coated galvanized steel coil and sheet and the Property management services. It derives a majority of its revenue from the People's Republic of China.

Executives

Liu Ping	2202 Interest of your spouse
Mei Zefeng	2201 Interest of corporation controlled by you
Newrich Limited	2101 Beneficial owner
Star Century Corporate Limited	2101 Beneficial owner
Chang Zhou Dong Fang Xin Cheng Jian She You Xian Gong Si	2201 Interest of corporation controlled by you
Chang Zhou Dong Fang Shui Wu Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Chang Zhou Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Xiang Gang Dong Fang Kong Gu Shi Ye You Xian Gong Si	2101 Beneficial owner

KangLi International Holdings Headlines

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