Caissa Tosun Development Co (SZSE:000796) Momentum Rank : 7 (As of May. 25, 2024)

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What is Caissa Tosun Development Co Momentum Rank?

Caissa Tosun Development Co has the Momentum Rank of 7.

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 Caissa Tosun Development Co's Momentum Rank

For the Travel Services subindustry, Caissa Tosun Development Co'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.

Caissa Tosun Development Co's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caissa Tosun Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Caissa Tosun Development Co's Momentum Rank falls into.

Caissa Tosun Development Co Momentum Rank Related Terms

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Caissa Tosun Development Co (SZSE:000796) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caissa Tosun Development Co Ltd (SZSE:000796) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.155 Jinger Road, Weibin District, Shaanxi, Baoji, CHN, 721000

Website

http://www.caissa.com.cn

Caissa Tosun Development Co Ltd is engaged in tourism industry. The company's services include group tours, domestic and peripheral tours, cruise, visa, air tickets, hotel bookings, theme tours, among others.

Executives

Nang Qi	Directors, executives
Ma Yi Wen	Director
Zheng Dan	Supervisors
Zhang Ling	Directors, executives
Gao Zhi Ping	Supervisors
Zhang Wei	Supervisors
Liu Jiang Tao	Directors, executives
Li Wei Dong	Supervisors
Liu Zhi Qiang	Director
Wei Cun Gong	Director
Ma Zhang Zhao	Supervisors
Li Zhang Ming	Supervisors

Caissa Tosun Development Co (SZSE:000796) Headlines

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