China Information Technology Development (HKSE:08178) Momentum Rank : 2 (As of May. 26, 2024)

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What is China Information Technology Development Momentum Rank?

China Information Technology Development has the Momentum Rank of 2.

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 China Information Technology Development's Momentum Rank

For the Information Technology Services subindustry, China Information Technology Development'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.

China Information Technology Development's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, China Information Technology Development's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Information Technology Development's Momentum Rank falls into.

China Information Technology Development Momentum Rank Related Terms

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China Information Technology Development (HKSE:08178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Information Technology Development Ltd (HKSE:08178) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

392 Kwun Tong Road, Unit 3308, 33rd Floor, Millennium City 6, Kwun Tong, Hong Kong, HKG

Website

https://www.citd.com.hk

China Information Technology Development Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of system integration and related support services, provision of IT infrastructure solutions and maintenance services, money lending, and securities trading. It operates in the segments of Provision of IT solutions and maintenance, Money lending, Securities trading, and Rental of properties. It generates key revenue from the IT solutions and maintenance segment. It has a business presence in the PRC and Hong Kong, of which a majority of revenue is derived from Hong Kong.

Executives

Zhang Rong	2101 Beneficial owner
Lee Ying Chiu Herbert	2201 Interest of corporation controlled by you
Choi Hing Lin Lori	2202 Interest of your spouse
Lam Shu Chung	2101 Beneficial owner
Tang Keung	2101 Beneficial owner
Valuable Fortune Limited	2101 Beneficial owner
Lee Yat Lung Andrew	2201 Interest of corporation controlled by you

China Information Technology Development (HKSE:08178) Headlines

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