VietNam Holding (VietNam Holding) Momentum Rank : 9 (As of May. 28, 2024)

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What is VietNam Holding Momentum Rank?

VietNam Holding has the Momentum Rank of 9.

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 VietNam Holding's Momentum Rank

For the Asset Management subindustry, VietNam Holding'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.

VietNam Holding's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, VietNam Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where VietNam Holding's Momentum Rank falls into.

VietNam Holding Momentum Rank Related Terms

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VietNam Holding (VietNam Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » VietNam Holding Ltd (OTCPK:VNMHF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

VNH:UK

Address

1 Royal Plaza, Royal Avenue, Saint Peter Port, GGY, GY1 2HL

Website

https://www.vietnamholding.com

VietNam Holding Ltd is a closed-end investment holding company. Its investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have high growth potential at an attractive valuation. The Company is engaged in a single segment of business, being investment in Vietnam. The company's portfolio consists of the traded equity shares of Vietnamese companies or companies doing a portion of their business in Vietnam.

VietNam Holding (VietNam Holding) Headlines

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