Chi Ho Development Holdings (HKSE:08423) Momentum Rank : 0 (As of Jun. 04, 2024)

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What is Chi Ho Development Holdings Momentum Rank?

Chi Ho Development Holdings has the Momentum Rank of 0.

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.

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Chi Ho Development Holdings (HKSE:08423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Ho Development Holdings Ltd (HKSE:08423) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

77–81 Container Port Road, Units 901, 902 and 908, 9/F, Magnet Place Tower 1, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.chdev.com.hk

Chi Ho Development Holdings Ltd is an investment holding company. Its operating segments include Building renovation and construction which includes renovation and maintenance works, alteration and addition works and fitting-out works, and site formation and geotechnical works in Hong Kong. and Property which includes property investment in Hong Kong. The group's revenue is generated from Hong Kong.

Executives

Diamondfield Holdings Limited	2401 A concert party to an agreement to buy shares
Sharp Talent Holdings Limited	2101 Beneficial owner
Ho Chi Kwan	2401 A concert party to an agreement to buy shares
Leung Ka Ho, Raymond	2201 Interest of corporation controlled by you

Chi Ho Development Holdings (HKSE:08423) Headlines

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