Sinohope Technology Holdings (HKSE:01611) Momentum Rank : 6 (As of May. 28, 2024)

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What is Sinohope Technology Holdings Momentum Rank?

Sinohope Technology Holdings has the Momentum Rank of 6.

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 Sinohope Technology Holdings's Momentum Rank

For the Software - Infrastructure subindustry, Sinohope Technology 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.

Sinohope Technology Holdings's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Sinohope Technology Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sinohope Technology Holdings's Momentum Rank falls into.

Sinohope Technology Holdings Momentum Rank Related Terms

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Sinohope Technology Holdings (HKSE:01611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinohope Technology Holdings Ltd (HKSE:01611) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Queen's Road Central, 6th Floor, 7th Floor, Unit 702-3, Central, Hong Kong, HKG

Website

https://www.sinohope.com

Sinohope Technology Holdings Ltd Formerly New Huo Technology Holdings Ltd is a digital asset and blockchain specialist company. The Company is an investment holding company and its subsidiaries are principally engaged in the provision of technology solution services, a variety of services in virtual asset ecosystem, such as asset management, trust and custodian business, cryptocurrency trading, and contract manufacturing, on electronic manufacturing services basis, of a wide range of power-related and electrical/electronic products. The company operates in three reportable segments; Virtual asset ecosystem; Provision of technology solution services and Contract manufacturing. The majority of revenue is derived from the Virtual asset ecosystem Segment.

Executives

Avenir Holdings Limited	2101 Beneficial owner
Avenir Investment Limited	2101 Beneficial owner
Shen Nan Peng	2201 Interest of corporation controlled by you
Snp China Enterprises Limited	2201 Interest of corporation controlled by you
Hsg Venture Iv Management, L.p.	2201 Interest of corporation controlled by you
Hsg Cv Iv Senior Holdco, Ltd.	2201 Interest of corporation controlled by you
Hsg Cv Iv Holdco, Ltd.	2101 Beneficial owner
Hongshan Capital Venture Fund Iv, L.p.	2201 Interest of corporation controlled by you
Hsg Holding Limited	2201 Interest of corporation controlled by you
Avenir Capital Inc.	2101 Beneficial owner
Li Lin	2201 Interest of corporation controlled by you
Du Jun	2101 Beneficial owner
Avenir Cayman Holding Limited	2101 Beneficial owner
On Chain Technology Limited	2101 Beneficial owner
Zhong Gengfa	2101 Beneficial owner

Sinohope Technology Holdings (HKSE:01611) Headlines

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