Carry Wealth Holdings (HKSE:00643) Momentum Rank : 6 (As of May. 09, 2024)

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What is Carry Wealth Holdings Momentum Rank?

Carry Wealth Holdings has the Momentum Rank of 6.

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 Carry Wealth Holdings's Momentum Rank

For the Apparel Manufacturing subindustry, Carry Wealth Holdings'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.

Carry Wealth Holdings's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Carry Wealth Holdings's Momentum Rank falls into.

Carry Wealth Holdings Momentum Rank Related Terms

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Carry Wealth Holdings (HKSE:00643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Carry Wealth Holdings Ltd (HKSE:00643) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Room 7801-7803, 78th Floor The Center, Central, Hong Kong, HKG

Website

http://www.carrywealth.com

Carry Wealth Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of garment products, and securities investment. The company operates through the segments of Garment manufacturing and trading segment including the manufacturing of garments for apparel brands and the sale of garment products; and the Securities investment segment consisting of investment in various securities listed on the Hong Kong stock exchange. Its product ranges from polo, athletics, cardigan, hoody, tee, jacket, bottom, and dress to layette. In addition, the company also provides embroidery machines and printing facilities to handle fashionable graphic design on its product. It derives a majority of revenue from the U.S.

Carry Wealth Holdings (HKSE:00643) Headlines

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