Red Star Macalline Group (HKSE:01528) Momentum Rank : 5 (As of May. 10, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Red Star Macalline Group Momentum Rank?

Red Star Macalline Group has the Momentum Rank of 5.

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 Red Star Macalline Group's Momentum Rank

For the Real Estate Services subindustry, Red Star Macalline Group'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.

Red Star Macalline Group's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Red Star Macalline Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Red Star Macalline Group's Momentum Rank falls into.

Red Star Macalline Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Red Star Macalline Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Red Star Macalline Group (HKSE:01528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Star Macalline Group Corp Ltd (HKSE:01528) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

601828:China

Address

No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN

Website

https://www.chinaredstar.com

Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.

Red Star Macalline Group (HKSE:01528) Headlines

No Headlines