Asia Pioneer Entertainment Holdings (HKSE:08400) Momentum Rank : 0 (As of Jun. 13, 2024)

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What is Asia Pioneer Entertainment Holdings Momentum Rank?

Asia Pioneer Entertainment 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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Asia Pioneer Entertainment Holdings (HKSE:08400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Asia Pioneer Entertainment Holdings Ltd (HKSE:08400) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Em Macau, Estrada Marginal, Do Hipodromo NoS 56-66, Industrial Lee Cheung F10, Macau, MAC

Website

https://www.apemacau.com

Asia Pioneer Entertainment Holdings Ltd is an investment holding company. Its segments include EGE Business and Smart VM Business. EGE business engaged in three divisions Technical Sales and Distribution of Electronic Gaming Equipment, Consultancy and Technical Services, and Repair Services. Smart VM Business engaged in sales of various Macau-sourced products to consumers and travelers through Smart VM in the Macau SAR and the People's Republic of China. Its generate the majority of its revenue from the EGE business.

Executives

Huie Allen Tat Yan	2101 Beneficial owner
Ng Man Ho Herman	2101 Beneficial owner
Chan Chi Lun	2101 Beneficial owner

Asia Pioneer Entertainment Holdings (HKSE:08400) Headlines

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