Shenzhen Investment Holdings Bay Area Development Co (HKSE:80737) Momentum Rank : 10 (As of May. 03, 2024)

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What is Shenzhen Investment Holdings Bay Area Development Co Momentum Rank?

Shenzhen Investment Holdings Bay Area Development Co has the Momentum Rank of 10.

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 Shenzhen Investment Holdings Bay Area Development Co's Momentum Rank

For the Infrastructure Operations subindustry, Shenzhen Investment Holdings Bay Area Development 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.

Shenzhen Investment Holdings Bay Area Development Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Investment Holdings Bay Area Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment Holdings Bay Area Development Co's Momentum Rank falls into.

Shenzhen Investment Holdings Bay Area Development Co Momentum Rank Related Terms

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Shenzhen Investment Holdings Bay Area Development Co (HKSE:80737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Investment Holdings Bay Area Development Co Ltd (HKSE:80737) » Definitions » Momentum Rank

Traded in Other Exchanges

SIHBY:USA SHIHF:USA 00737:Hong Kong HHI0:Germany

Address

30 Harbour Road, Rooms 4902-4916, 49th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.sihbay.com

Shenzhen Investment Holdings Bay Area Development Co Ltd is an investment holding company that is engaged in the initiation, promotion, development, and operation of toll expressways and bridges in China. The company manages its business in four segments namely Guangzhou-Shenzhen Superhighway, Guangzhou-Zhuhai West Superhighway, Coastal Expressway, and Xintang Interchange. It generates most of the revenue from the Guangzhou-Shenzhen Superhighway segment.

Shenzhen Investment Holdings Bay Area Development Co (HKSE:80737) Headlines

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