Symphony Holdings (Symphony Holdings) Momentum Rank : 2 (As of Jun. 23, 2024)

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What is Symphony Holdings Momentum Rank?

Symphony Holdings has the Momentum Rank of 2.

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 Symphony Holdings's Momentum Rank

For the Specialty Retail subindustry, Symphony 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.

Symphony Holdings's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Symphony Holdings's Momentum Rank distribution charts can be found below:

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

Symphony Holdings Momentum Rank Related Terms

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Symphony Holdings (Symphony Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Symphony Holdings Ltd (OTCPK:SYHLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01223:Hong Kong

Address

No. 510 King’s Road, 10th Floor, Island Place Tower, North Point, Hong Kong, HKG

Website

https://www.symphonyholdings.com

Symphony Holdings Ltd. is engaged in the retailing and sourcing of consumer goods. The segments in which the company operates include Retailing, Branding and Financial services. Majority of revenue is derived from retailing segment. Retailing segment includes management and operation of outlet malls and property investment and holding. The company's business activity is operated from China, Taiwan, Hong Kong, the United States, Other Asian countries, and other countries.

Symphony Holdings (Symphony Holdings) Headlines

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