Celestial Asia Securities Holdings (HKSE:01049) Momentum Rank : 1 (As of May. 18, 2024)

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What is Celestial Asia Securities Holdings Momentum Rank?

Celestial Asia Securities Holdings 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 Celestial Asia Securities Holdings's Momentum Rank

For the Department Stores subindustry, Celestial Asia Securities 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.

Celestial Asia Securities Holdings's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Celestial Asia Securities Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Celestial Asia Securities Holdings's Momentum Rank falls into.

Celestial Asia Securities Holdings Momentum Rank Related Terms

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Celestial Asia Securities Holdings (HKSE:01049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Celestial Asia Securities Holdings Ltd (HKSE:01049) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CE0:Germany

Address

23 Wang Tai Road, 28th Floor, Manhattan Place, Kowloon Bay, Hong Kong, HKG

Website

https://www.cash.com.hk

Celestial Asia Securities Holdings Ltd is an investment holding company. The reportable segments of the company are as follows: 1) Retailing segment includes sales of furniture and household goods and electrical appliances; 2) Asset Management segment includes the provision of asset management services to the fund investors; 3) Financial Services segment includes the provision of broking, investment banking and wealth management services under the business operations of CFSG. The company's operations are located in Hong Kong and the People's Republic of China.

Celestial Asia Securities Holdings (HKSE:01049) Headlines

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