China Huirong Financial Holdings (HKSE:01290) Momentum Rank : 7 (As of Jun. 01, 2024)

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What is China Huirong Financial Holdings Momentum Rank?

China Huirong Financial Holdings has the Momentum Rank of 7.

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 Huirong Financial Holdings's Momentum Rank

For the Financial Conglomerates subindustry, China Huirong Financial 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.

China Huirong Financial Holdings's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Huirong Financial Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Huirong Financial Holdings's Momentum Rank falls into.

China Huirong Financial Holdings Momentum Rank Related Terms

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China Huirong Financial Holdings (HKSE:01290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Huirong Financial Holdings Ltd (HKSE:01290) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Yingchun Road, 9th Floor, Building A, Wuzhong District, Jiangsu Province, Suzhou, CHN

Website

http://www.cnhuirong.com

China Huirong Financial Holdings Ltd is an investment holding company. Its business divisions are the Inclusive finance business and Ecology finance business division. The Inclusive finance business division, which is the key revenue driver, refers to the provision of lending services in the PRC. From the product perspective, the inclusive finance business division is principally engaged in lending services through granting secured loans and unsecured loans to customers. The ecology finance business division mainly dedicates services to supply chain, loan facilitation technology, factoring, insurance agency, and equity investment business.

Executives

Chen Yannan
Zhu Tianxiao	2201 Interest of corporation controlled by you
Xiaolai Investment Co., Ltd	2101 Beneficial owner
Baoxiang Investment Co., Ltd	2101 Beneficial owner
Zhang Xiangrong	2201 Interest of corporation controlled by you
Southern Swan Investment Co., Ltd	2101 Beneficial owner
Xilai Investment Co., Ltd	2101 Beneficial owner

China Huirong Financial Holdings (HKSE:01290) Headlines

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