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Ares Asia (HKSE:00645) Momentum Rank : 0 (As of Apr. 25, 2024)


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What is Ares Asia Momentum Rank?

Ares Asia has the Momentum Rank of 0.

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.

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Ares Asia (HKSE:00645) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » Momentum Rank
Comparable Companies
HKSE:00704 HKSE:08250 HKSE:01229 SHSE:601088 BOM:512599 ISX:BYAN SHSE:601225 NSE:COALINDIA SHSE:600188 HKSE:01898 SHSE:601699 SZSE:000983 SZSE:000933 ISX:DSSA SHSE:900948 SZSE:002128 ISX:ADRO SZSE:001286 SHSE:600925 SHSE:600348
Traded in Other Exchanges
N/A
Address
1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG
Website
http://www.aresasialtd.com
Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

Ares Asia (HKSE:00645) Headlines

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