Hotung Investment Holdings (SGX:BLS) Momentum Rank : 1 (As of May. 25, 2024)

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What is Hotung Investment Holdings Momentum Rank?

Hotung Investment Holdings has the Momentum Rank of 1.

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 Hotung Investment Holdings's Momentum Rank

For the Asset Management subindustry, Hotung Investment 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.

Hotung Investment Holdings's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hotung Investment Holdings's Momentum Rank falls into.

Hotung Investment Holdings Momentum Rank Related Terms

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Hotung Investment Holdings (SGX:BLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hotung Investment Holdings Ltd (SGX:BLS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

261, Sung-Chiang Road, 10th Floor, Taipei, TWN

Website

http://www.hotung.com.tw

Hotung Investment Holdings Ltd is a venture capital investment company. It focuses on start-up and expansion-stage companies mainly located in Taiwan, China, and Silicon Valley. The company operates through two segments namely Investment and Fund management. Its Investment segment derives majority revenue converges on achieving capital appreciation by investing in a balanced and diversified portfolio. The Fund management segment is involved in providing investment consultancy and advisory services to entities within the group.

Hotung Investment Holdings (SGX:BLS) Headlines

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