HomeChoice International (JSE:HIL) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is HomeChoice International Momentum Rank?

HomeChoice International 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.

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HomeChoice International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » HomeChoice International PLC (JSE:HIL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Sanlam Trustees International Limited, Labourdonnais Village, Riviere du Rempart, Mapou, MUS, 31803

Website

https://www.homechoiceinternational.com

HomeChoice International PLC is an investment holding company. The company through its subsidiaries operates as a home shopping retailer. The company sells homewares merchandise, personal electronics, and loan products to the middle-income market in Southern Africa. The operating business segments are Weaver Fintech, Retail, Property, and Other. The Retail segment consists of the group's HomeChoice omni-channel retail operations focused on homeware categories. The Weaver Fintech segment consists of payments, personal loans, and insurance products for customers and services to merchants in the Buy Now, Pay Later solutions sold under the PayJustNow (PJN) brand. e group's property company, which owns commercial properties utilized within the group, is included in the Property segment.