Greattown Holdings (SHSE:600094) Momentum Rank : 3 (As of Jun. 16, 2024)

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What is Greattown Holdings Momentum Rank?

Greattown Holdings has the Momentum Rank of 3.

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 Greattown Holdings's Momentum Rank

For the Real Estate - Development subindustry, Greattown 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.

Greattown Holdings's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greattown Holdings's Momentum Rank distribution charts can be found below:

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

Greattown Holdings Momentum Rank Related Terms

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Greattown Holdings (SHSE:600094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greattown Holdings Ltd (SHSE:600094) » Definitions » Momentum Rank

Traded in Other Exchanges

900940:China

Address

No. 1116, Hongsong East Road, Building 1, 5th Floor, A District, Minhang District, Shanghai, CHN, 201103

Website

http://www.greattown.cn

Greattown Holdings Ltd is engaged in the development and sale of real estate. The company is also engaged in the development of commercial buildings, hotels, and residential buildings. Famous city is one of the projects of the company which includes Residential, Business and Hotel series.

Executives

Jiang Dong Sen	senior management
Yu Jin	Director
Yu Li	Director
Yu Kai	Director
Bao Jin Lin	senior management
Chen Feng	senior management
Yu Pei Di	Director

Greattown Holdings (SHSE:600094) Headlines

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