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China Development Bank Intl Invt (HKSE:1062) Momentum Rank : 0 (As of Sep. 21, 2024)


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What is China Development Bank Intl Invt Momentum Rank?

China Development Bank Intl Invt 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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China Development Bank Intl Invt Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Development Bank Intl Invt Ltd (HKSE:1062) » Definitions » Momentum Rank
Comparable Companies
HKSE:00214 HKSE:00292 HKSE:00612 HKSE:00174 HKSE:00905 HKSE:01217 HKSE:08657 HKSE:01226 HKSE:08030 HKSE:820 BLK KKR BX OSTO:INVE A TSX:BN APO BK AMP LSE:III OSTO:EQT
Traded in Other Exchanges
N/A
Address
No. 8 Finance Street, Suites 4506 - 4509, Two International Finance Centre, Central, Hong Kong, HKG
Website
https://www.cdb-intl.com
China Development Bank Intl Invt Ltd is an investment company. Its investment objective is to achieve medium-term to long-term capital appreciation of its assets through investments in money market securities, equity, and debt-related securities in listed and/or unlisted companies or entities.

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