Star Group Co (HKSE:01560) Momentum Rank : 2 (As of May. 29, 2024)

View and export this data going back to 2016. Start your Free Trial

What is Star Group Co Momentum Rank?

Star Group Co has the Momentum Rank of 2.

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 Star Group Co's Momentum Rank

For the Real Estate - Development subindustry, Star Group 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.

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

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

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

Star Group Co Momentum Rank Related Terms

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

Star Group Co (HKSE:01560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Star Group Co Ltd (HKSE:01560) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Tower 1, Unit 603, 6 Floor, Admiralty Centre, Admiralty, Hong Kong, HKG

Website

https://www.starproperties.com.hk

Star Group Co Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the real estate business. Its business segments include property development; property investment for sale, rental, or capital appreciation; provision of property management and security services; construction and fitting out works; provision of finance; fund investment and fund management; wine business which includes the operation of the wine cellar and trading of fine wine; and provision of media production services It derives the majority of the revenue from the Property Development segment that engages in sales of properties and the Property Investment segment that has rental income from the leasing of properties. It operates in Hong Kong and Korea.

Executives

Lam Kin Kok
Chan Man Fai Joe	2101 Beneficial owner
Metropolitan Lifestyle (bvi) Limited	2101 Beneficial owner
Eagle Trend (bvi) Limited	2101 Beneficial owner

Star Group Co (HKSE:01560) Headlines

No Headlines