Eagle Nice (International) Holdings (HKSE:02368) Momentum Rank : 3 (As of May. 21, 2024)

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What is Eagle Nice (International) Holdings Momentum Rank?

Eagle Nice (International) Holdings has the Momentum Rank of 3.

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 Eagle Nice (International) Holdings's Momentum Rank

For the Apparel Manufacturing subindustry, Eagle Nice (International) 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.

Eagle Nice (International) Holdings's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Eagle Nice (International) Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eagle Nice (International) Holdings's Momentum Rank falls into.

Eagle Nice (International) Holdings Momentum Rank Related Terms

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Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Eagle Nice (International) Holdings (HKSE:02368) Headlines

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