Pokfulam Development Co (HKSE:00225) Momentum Rank : 1 (As of May. 11, 2024)

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What is Pokfulam Development Co Momentum Rank?

Pokfulam Development Co 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 Pokfulam Development Co's Momentum Rank

For the Real Estate Services subindustry, Pokfulam 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.

Pokfulam Development Co's Momentum Rank Distribution in the Real Estate Industry

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

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

Pokfulam Development Co Momentum Rank Related Terms

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Pokfulam Development Co (HKSE:00225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pokfulam Development Co Ltd (HKSE:00225) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

93-107 Lockhart Road, 23rd Floor, Beverly House, Wanchai, Hong Kong, HKG

Website

https://www.pokfulam.com.hk

Pokfulam Development Co Ltd is a property investment and investment holding company. The company operates mainly in three business segments: Property Investment and Management segment is engaged in the letting and management of commercial industrial and residential properties; Trading of Goods segment is involved in the trading of visual and sound equipment, and home appliances; and Securities Investment segment deals in listed securities. The majority of its revenue is derived from Property Investment and Management. The company's portfolio includes residential developments as well as commercial and industrial buildings. All of its revenues are generated in Hong Kong.

Pokfulam Development Co (HKSE:00225) Headlines

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