First Capital Securities Co (SZSE:002797) Momentum Rank : 10 (As of May. 22, 2024)

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What is First Capital Securities Co Momentum Rank?

First Capital Securities 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 First Capital Securities Co's Momentum Rank

For the Financial Conglomerates subindustry, First Capital Securities 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.

First Capital Securities Co's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, First Capital Securities Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where First Capital Securities Co's Momentum Rank falls into.

First Capital Securities Co Momentum Rank Related Terms

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First Capital Securities Co (SZSE:002797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Capital Securities Co Ltd (SZSE:002797) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

115 Fuhua 1st Road, 20th Floor, Investment Bank Building, Guangdong Province, Futian District, Shenzhen, CHN, 518048

Website

http://www.firstcapital.com.cn

First Capital Securities Co Ltd provides fixed-income products such as treasury bonds, central bank bills, policy financial bonds and short-term financing bonds, medium-term notes and non-publicly oriented debt financing instruments. Further, it also provides investment banking, asset management, securities brokerage, margin financing, futures brokerage and other financial products. Geographically the activities are carried out through China.

First Capital Securities Co (SZSE:002797) Headlines

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