China Index Holdings (China Index Holdings) Momentum Rank : 0 (As of Apr. 25, 2024)

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What is China Index Holdings Momentum Rank?

China Index Holdings 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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China Index Holdings (China Index Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China Index Holdings Ltd (NAS:CIH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Courtyard 20, Guogongzhuang Middle Street, 11th Floor, Tower A, Fengtai District, Beijing, CHN, 100070

Website

http://www.chinaindexholdings.com

China Index Holdings Ltd operates as a real estate information and analytics service platform in China. The company's services span data services, analytics services, promotion services, and listing services for China's real estate markets. It serves a substantial base of real estate participants in China, including industry professionals and business communities, with an authoritative, comprehensive, and seasonable collection of real estate data. Further, the group focuses more on the enormous market opportunity within China's commercial property sector through a commercial property online marketing portals and mobile applications.