Hong Kong Economic Times Holdings (HKSE:00423) Momentum Rank : 2 (As of May. 24, 2024)

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What is Hong Kong Economic Times Holdings Momentum Rank?

Hong Kong Economic Times Holdings has the Momentum Rank of 2.

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 Hong Kong Economic Times Holdings's Momentum Rank

For the Publishing subindustry, Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Momentum Rank falls into.

Hong Kong Economic Times Holdings Momentum Rank Related Terms

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Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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