Hla Group (SHSE:600398) Momentum Rank : 1 (As of Dec. 14, 2024)

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What is Hla Group Momentum Rank?

Hla Group has the Momentum Rank of 1.

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 Hla Group's Momentum Rank

For the Apparel Manufacturing subindustry, Hla Group'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.

Hla Group's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hla Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hla Group's Momentum Rank falls into.

Hla Group Momentum Rank Related Terms

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Hla Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hla Group Corp Ltd (SHSE:600398) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huashi Town, Jiangsu Province, Jiangyin, CHN, 214426

Website

https://www.hla.com.cn

Hla Group Corp Ltd is a Chinese clothing company. Its businesses include the operation of brand clothes, the production, and sales of upscale suits and professional clothing. Its brand clothing management includes brand management, supply chain management, and marketing network management. The company has clothing brands such as Heilan Home, Eichitoo, and Sancanal. The company offers men's clothing, women's clothing, and accessories.

Executives

Zhou Li Chen	Director
Zhao Fang Wei	Director
Qian Ya Ping	Director
Xu Qing Hua	Director
Gu Dong Sheng	Director
Zhou Jian Ping	Director

Hla Group Headlines

No Headlines