Perennial International (Perennial International) Momentum Rank : 1 (As of Apr. 29, 2024)

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What is Perennial International Momentum Rank?

Perennial International 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 Perennial International's Momentum Rank

For the Electrical Equipment & Parts subindustry, Perennial International'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.

Perennial International's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Perennial International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Perennial International's Momentum Rank falls into.

Perennial International Momentum Rank Related Terms

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Perennial International (Perennial International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Perennial International Ltd (OTCPK:PNNLF) » Definitions » Momentum Rank

Traded in Other Exchanges

00725:Hong Kong

Address

1 Science Museum Road, Units 2002-2006, 20th Floor, Greenfield Tower, Concordia Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://perennial.todayir.com

Perennial International Ltd is investment holding. Its subsidiaries are principally engaged in the manufacturing and trading of electric cable and wire products. Geographically the company generates revenue from Hong Kong, Mainland China, America, Japan and Other countries. The majority of the company's revenue is earned in America.

Perennial International (Perennial International) Headlines

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