China Merchants Securities Asset Management Co.,Ltd (SHSE:600999) Momentum Rank : 8 (As of Mar. 22, 2025)

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What is China Merchants Securities Asset Management Co.,Ltd Momentum Rank?

China Merchants Securities Asset Management Co.,Ltd has the Momentum Rank of 8.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of China Merchants Securities Asset Management Co.,Ltd's Momentum Rank

For the Capital Markets subindustry, China Merchants Securities Asset Management Co.,Ltd'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.

China Merchants Securities Asset Management Co.,Ltd's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Merchants Securities Asset Management Co.,Ltd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Merchants Securities Asset Management Co.,Ltd's Momentum Rank falls into.

China Merchants Securities Asset Management Co.,Ltd Momentum Rank Related Terms

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China Merchants Securities Asset Management Co.,Ltd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Merchants Securities Asset Management Co.,Ltd (SHSE:600999) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

06099:Hong Kong 195H:Germany

Address

No. 111, Fuhua First Road, Futian Street, Futian District, Guangdong Province, Shenzhen, CHN, 518046

Website

https://www.cmschina.com

China Merchants Securities Asset Management Co.,Ltd formerly China Merchants Securities Co Ltd is a financial service provider. The company provides services like, investment banking, financial advisory, equity underwriting, assets management, investment advisory, and trading equity securities among others. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business segment which generates key revenue engages in the trading of stocks and futures contracts on behalf of clients and includes margin financing, securities lending, and selling financial and other wealth management products.

China Merchants Securities Asset Management Co.,Ltd Headlines

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