A-Living Smart City Services Co (HKSE:03319) Momentum Rank : 8 (As of May. 11, 2024)

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What is A-Living Smart City Services Co Momentum Rank?

A-Living Smart City Services Co has the Momentum Rank of 8.

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 A-Living Smart City Services Co's Momentum Rank

For the Real Estate Services subindustry, A-Living Smart City Services Co'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.

A-Living Smart City Services Co's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, A-Living Smart City Services Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where A-Living Smart City Services Co's Momentum Rank falls into.

A-Living Smart City Services Co Momentum Rank Related Terms

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A-Living Smart City Services Co (HKSE:03319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » A-Living Smart City Services Co Ltd (HKSE:03319) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

1V0:Germany

Address

26 Huaxia Road, 35th Floor, Agile Centre, Zhujiang New Town, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623

Website

https://www.agileliving.com.cn

A-Living Smart City Services, or A-Living, is one of Hong Kong's first listed property management companies. It was spun off from parent Agile Property Holdings in 2018, with Agile retaining 54%. A-Living generates revenue from providing property management services with a focus on mid-to-high-end properties, as well as value-added services to property owners and nonproperty owners. A-Living operates in over 27 cities and regions across China, with a geographical focus in Guangdong province. Prior to listing, A-Living acquired Greenland Property Services in 2017, which accounted for significant goodwill on the balance sheet. Post listing, the company also announced the major acquisition of CMIG PM.

A-Living Smart City Services Co (HKSE:03319) Headlines

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