China Resources Land (HKSE:01109) Momentum Rank : 7 (As of Apr. 25, 2024)

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What is China Resources Land Momentum Rank?

China Resources Land has the Momentum Rank of 7.

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 China Resources Land's Momentum Rank

For the Real Estate - Development subindustry, China Resources Land'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.

China Resources Land's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Land's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Resources Land's Momentum Rank falls into.

China Resources Land Momentum Rank Related Terms

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China Resources Land (HKSE:01109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Land Ltd (HKSE:01109) » Definitions » Momentum Rank

Traded in Other Exchanges

CRBJY:USA CRBJF:USA CHZ:Germany

Address

26 Harbour Road, 46th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crland.com.hk

China Resources Land, or CR Land, is a leading real estate developer with nationwide coverage in China. Aside from the core development business, CR Land differentiates itself from peers with a significant investment property portfolio with luxury focused MixC malls, and it holds a 73.7% stake in listed property management company China Resources Mixc Lifestyle Services. CR Land is a subsidiary of China Resources Holdings, or CR Holdings, a sizable state-owned conglomerate with a diverse presence in the utilities, consumer goods, medical, and property sectors. CR Holdings holds about a 60% stake in CR Land.

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