Futu Holdings (LTS:0FUT) Momentum Rank : 10 (As of May. 30, 2024)

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What is Futu Holdings Momentum Rank?

Futu Holdings has the Momentum Rank of 10.

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 Futu Holdings's Momentum Rank

For the Capital Markets subindustry, Futu 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.

Futu Holdings's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Futu Holdings's Momentum Rank distribution charts can be found below:

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

Futu Holdings Momentum Rank Related Terms

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Futu Holdings (LTS:0FUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Futu Holdings Ltd (LTS:0FUT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FUTU:USA 6FHA:Germany

Address

No. 18 Bonham Strand West, 11th Floor, Bangkok Bank Building, Sheung Wan, Hong Kong, HKG

Website

https://www.futuholdings.com

Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.

Futu Holdings (LTS:0FUT) Headlines

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