Luks Group (Vietnam Holdings) Co (Luks Group (Vietnam Holdings) Co) Momentum Rank : 4 (As of May. 20, 2024)

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What is Luks Group (Vietnam Holdings) Co Momentum Rank?

Luks Group (Vietnam Holdings) Co has the Momentum Rank of 4.

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 Luks Group (Vietnam Holdings) Co's Momentum Rank

For the Building Materials subindustry, Luks Group (Vietnam Holdings) Co'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.

Luks Group (Vietnam Holdings) Co's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Luks Group (Vietnam Holdings) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Luks Group (Vietnam Holdings) Co's Momentum Rank falls into.

Luks Group (Vietnam Holdings) Co Momentum Rank Related Terms

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Luks Group (Vietnam Holdings) Co (Luks Group (Vietnam Holdings) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Luks Group (Vietnam Holdings) Co Ltd (OTCPK:LKSGF) » Definitions » Momentum Rank

Traded in Other Exchanges

00366:Hong Kong LU4:Germany

Address

39-41 Sheung Heung Road, 5th Floor, Cheong Wah Factory Building, Tokwawan, Kowloon, Hong Kong, HKG

Website

http://www.luks.com.hk

Luks Group (Vietnam Holdings) Co Ltd is an investment holding company. Its segments include the Cement products segment, the Property Investment segment, the Hotel operation segment, the Property Development segment, and the Corporate and others segment. It derives key revenue from the cement products segment that represents the group's manufacture and sale of cement products for use in the construction industry. The group derives a majority of its revenue from Vietnam followed by Hong Kong and Mainland China.

Luks Group (Vietnam Holdings) Co (Luks Group (Vietnam Holdings) Co) Headlines

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