Chong Hong Construction Co (TPE:5534) Momentum Rank : 3 (As of Jun. 20, 2024)

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What is Chong Hong Construction Co Momentum Rank?

Chong Hong Construction Co 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 Chong Hong Construction Co's Momentum Rank

For the Real Estate - Development subindustry, Chong Hong Construction 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.

Chong Hong Construction Co's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Chong Hong Construction Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chong Hong Construction Co's Momentum Rank falls into.

Chong Hong Construction Co Momentum Rank Related Terms

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Chong Hong Construction Co (TPE:5534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chong Hong Construction Co Ltd (TPE:5534) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Beiping East Road, 11th Floor, Zhongzheng District, Taipei, TWN, 100

Website

http://www.chonghong.com.tw

Chong Hong Construction Co Ltd primarily operates in the development, sale, and leasing of residential and commercial property in Taiwan. The company derives revenue from the proceeds of lands, properties, contract fees, and rental income. The revenue from lands represents more than half of group income, followed by property revenue. The company operates through two segments. The Building segment is engaged in the construction of commercial buildings, public housings and the lease of factories. The construction segment is engaged in building and construction projects.

Chong Hong Construction Co (TPE:5534) Headlines

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