China Wantian Holdings (HKSE:01854) Momentum Rank : 1 (As of Jun. 08, 2024)

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What is China Wantian Holdings Momentum Rank?

China Wantian Holdings has the Momentum Rank of 1.

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 Wantian Holdings's Momentum Rank

For the Food Distribution subindustry, China Wantian 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 Wantian Holdings's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, China Wantian Holdings's Momentum Rank distribution charts can be found below:

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

China Wantian Holdings Momentum Rank Related Terms

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China Wantian Holdings (HKSE:01854) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Wantian Holdings Ltd (HKSE:01854) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Tower 33 Wang Chiu Road, Suite 2106A, 21/F, Kowloon Bay, Hong Kong, HKG

Website

http://www.cyfood.com.hk

China Wantian Holdings Ltd is engaged in the provision of vegetables and fruits. It provides procurement, selection, packaging, treating, processing and distribution of vegetables and fruit ingredients. The company offers leaf vegetables, melon and fruit vegetables, root and rhizome vegetables, herbs and spices, mushrooms, fruits, processed fruits and vegetables, and others. The group's business falls under the primary segment of Sourcing, processing and supplying food ingredients to foodservice operators in Hong Kong. The Group has three reportable segments, namely green food supply; green catering; and environmental protection and technology.

Executives

Yap Yuk Kiew
Yek Hon Su
Yap Su Chai
Yap Siew Ngoh
Yap Siew Chow
Yap Kong Meng
Yap Hong Leng
Yap Hong Kek
Yap Hong Akiw
Yap Global Investment Limited
Yap Fong Kee
Wise Global Holding Limited
Leong Kwai Ho
Hooy Siew Kuen
Hooy Say Kai

China Wantian Holdings (HKSE:01854) Headlines

No Headlines