China Tianbao Group Development Co (HKSE:01427) Momentum Rank : 8 (As of Jun. 06, 2024)

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What is China Tianbao Group Development Co Momentum Rank?

China Tianbao Group Development Co has the Momentum Rank of 8.

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 Tianbao Group Development Co's Momentum Rank

For the Real Estate - Diversified subindustry, China Tianbao Group 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.

China Tianbao Group Development Co's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Tianbao Group Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Tianbao Group Development Co's Momentum Rank falls into.

China Tianbao Group Development Co Momentum Rank Related Terms

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China Tianbao Group Development Co (HKSE:01427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Tianbao Group Development Co Ltd (HKSE:01427) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 33, Guanyun East Road, Hebei Province, Zhuozhou, CHN

Website

https://www.chinatbjt.com

China Tianbao Group Development Co Ltd is a property developer and construction company in Zhuozhou, a city in Hebei Province, China. The group operates through two segments: Property development and other business; and construction contracting businesses. The property development business is engaged in the development and sales of residential properties, and leasing and operation of an investment property. The construction contracting business provides construction contracting services mainly as a general contractor for building construction projects, infrastructure construction projects, and industrial and commercial construction projects.

Executives

Ai Xinting	2101 Beneficial owner
Jixiang International Industrial Company Limited	2101 Beneficial owner
Li Baotian	2201 Interest of corporation controlled by you
Zhou Chunlan	2202 Interest of your spouse

China Tianbao Group Development Co (HKSE:01427) Headlines

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