Hang Lung Properties (HKSE:00101) Momentum Rank

: 5 (As of Today)

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Hang Lung Properties has the Momentum Rank of 5.

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

For the Real Estate Services subindustry, Hang Lung Properties'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.

Hang Lung Properties Momentum Rank Distribution

For the Real Estate industry and Real Estate sector, Hang Lung Properties's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hang Lung Properties's Momentum Rank falls into.

Hang Lung Properties Momentum Rank Related Terms

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Hang Lung Properties (HKSE:00101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Properties Ltd (HKSE:00101) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HLPPY:USA HLPPF:USA AOP:Germany

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglung.com

Hung Lung Properties is the property arm of Hang Lung Group. The company primarily operates in Hong Kong and China where it develops and invests in a portfolio of commercial properties for rental income as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China's overall retail growth. The company is 59% owned by Hang Lung Group, and led by Ronnie Chan, who has been the chairman of the company since 1991.

Hang Lung Properties (HKSE:00101) Headlines

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