Fairwood Holdings (HKSE:00052) Momentum Rank : 4 (As of May. 12, 2024)

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What is Fairwood Holdings Momentum Rank?

Fairwood Holdings has the Momentum Rank of 4.

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 Fairwood Holdings's Momentum Rank

For the Restaurants subindustry, Fairwood 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.

Fairwood Holdings's Momentum Rank Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Fairwood Holdings's Momentum Rank distribution charts can be found below:

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

Fairwood Holdings Momentum Rank Related Terms

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Fairwood Holdings (HKSE:00052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Fairwood Holdings Ltd (HKSE:00052) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FRWDF:USA

Address

18 Tanner Road, 2nd Floor, TRP Commercial Centre, North Point, Hong Kong, HKG

Website

https://www.fairwoodholdings.com.hk

Fairwood Holdings Ltd. is an investment holding company. It is engaged in the operation of fast-food restaurants and property investments. The group manages its operations by two divisions, based on the geographic location, namely Hong Kong restaurants, and Mainland China restaurants. It derives a majority of its revenue from operating restaurants in Hong Kong. Its eateries portfolio comprises crispy fried snacks, chicken wings, chicken curry with white rice, spaghetti, salads, and desserts, among other items.

Fairwood Holdings (HKSE:00052) Headlines

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