East Asia Holdings Investment (XKRX:900110) Momentum Rank : 1 (As of Jun. 24, 2024)

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What is East Asia Holdings Investment Momentum Rank?

East Asia Holdings Investment has the Momentum Rank of 1.

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 East Asia Holdings Investment's Momentum Rank

For the Apparel Manufacturing subindustry, East Asia Holdings Investment'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.

East Asia Holdings Investment's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, East Asia Holdings Investment's Momentum Rank distribution charts can be found below:

* The bar in red indicates where East Asia Holdings Investment's Momentum Rank falls into.

East Asia Holdings Investment Momentum Rank Related Terms

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East Asia Holdings Investment (XKRX:900110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » East Asia Holdings Investment Ltd (XKRX:900110) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Garden Road, Central, Suite 501-25th Floor, ICBC Tower, Hong Kong, HKG

Website

http://www.eastasiaholdings.co.kr

East Asia Holdings Investment Ltd is a holding company located in Hong Kong. The company is engaged in designing, producing and selling of sports footwear products and sales of sports apparel products in mainland China. The products are sold to end customers through franchise branches and outlets. It is making new growth capabilities through investment in the healthcare industry.

East Asia Holdings Investment (XKRX:900110) Headlines

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