Balk 1798 Group (HKSE:01010) Momentum Rank : 1 (As of May. 17, 2024)

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What is Balk 1798 Group Momentum Rank?

Balk 1798 Group 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 Balk 1798 Group's Momentum Rank

For the Airports & Air Services subindustry, Balk 1798 Group'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.

Balk 1798 Group's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Balk 1798 Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Balk 1798 Group's Momentum Rank falls into.

Balk 1798 Group Momentum Rank Related Terms

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Balk 1798 Group (HKSE:01010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Balk 1798 Group Ltd (HKSE:01010) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Connaught Road Central, 28th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.pacray.com.hk

Balk 1798 Group Ltd is an investment holding company. The reportable segment of the company is the design and sales of integrated circuits and semi-conductor parts used in industrial and household measuring tools and display products; executive jet management services; sales of yachts and other yachting related businesses; property investment and Headquarter and others segment which comprises principally the Group's corporate administrative and investment functions performed by the headquarter and provision of finance lease services. Its geographical markets include Hong Kong and Mainland China.

Balk 1798 Group (HKSE:01010) Headlines

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