Lai Sun Garment (International) (Lai Sun Garment (International)) Momentum Rank : 3 (As of May. 16, 2024)

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What is Lai Sun Garment (International) Momentum Rank?

Lai Sun Garment (International) has the Momentum Rank of 3.

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 Lai Sun Garment (International)'s Momentum Rank

For the Real Estate - Diversified subindustry, Lai Sun Garment (International)'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.

Lai Sun Garment (International)'s Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lai Sun Garment (International)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lai Sun Garment (International)'s Momentum Rank falls into.

Lai Sun Garment (International) Momentum Rank Related Terms

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Lai Sun Garment (International) (Lai Sun Garment (International)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lai Sun Garment (International) Ltd (OTCPK:LSIHF) » Definitions » Momentum Rank

Traded in Other Exchanges

00191:Hong Kong LAI3:Germany

Address

680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG

Website

https://www.laisun.com

Lai Sun Garment (International) Ltd is a real estate company. The company's principal activities include property development and investment in Hong Kong, Mainland China, and overseas as well as investment in and operation of hotels and restaurants and investment holding. The company operates through nine segments namely, Property development and sales; Property investment; Hotel operation; Restaurant operation; Media and entertainment; Film and TV program segment; Cinema operation; Theme park operation, and Others. It generates the majority of its revenue from the Property development and sales segment.

Lai Sun Garment (International) (Lai Sun Garment (International)) Headlines

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