Grace Wine Holdings (HKSE:08146) Momentum Rank : 6 (As of Dec. 12, 2024)

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What is Grace Wine Holdings Momentum Rank?

Grace Wine Holdings has the Momentum Rank of 6.

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 Grace Wine Holdings's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, Grace Wine 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.

Grace Wine Holdings's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Grace Wine Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Grace Wine Holdings's Momentum Rank falls into.

Grace Wine Holdings Momentum Rank Related Terms

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Grace Wine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Grace Wine Holdings Ltd (HKSE:08146) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 20 Westlands Road, Unit 2304, 23rd Floor, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.gracewine.com.hk

Grace Wine Holdings Ltd is a China-based company engaged in the Winemaking business. Its wine product portfolio includes higher-end wine and entry-level wine. It offers Red wine, White and Sparkling wine, and Rose wine. The company mainly engaged in two reporting segments, namely the production of wines; and the production of spirits. The majority of revenue derives from the production of the wine segment. Geographically the group mainly operates in the PRC.

Executives

Chan Chun Keung	2202 Interest of your spouse
Wong Shu Ying	2101 Beneficial owner
Macmillan Equity Limited	2101 Beneficial owner
Chan Judy	2201 Interest of corporation controlled by you
Ting Tan Ming	2101 Beneficial owner
Palgrave Enterprises Limited	2101 Beneficial owner

Grace Wine Holdings Headlines

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