China Apex Group (HKSE:02011) Momentum Rank : 6 (As of May. 26, 2024)

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What is China Apex Group Momentum Rank?

China Apex Group has the Momentum Rank of 6.

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 Apex Group's Momentum Rank

For the Apparel Manufacturing subindustry, China Apex 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.

China Apex Group's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Apex Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Apex Group's Momentum Rank falls into.

China Apex Group Momentum Rank Related Terms

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China Apex Group (HKSE:02011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Apex Group Ltd (HKSE:02011) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nine Queen’s Road Central, Suite 10A and 10B, 15th Floor, Central, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/chinaapex/index.h

China Apex Group Ltd is an investment holding company. The principal activities of the company consist of designing, manufacturing, and sale of Finished zippers and sliders, and other products. The company's segment consists of Zippers (Mainland China); and Zippers (Overseas). The majority of the revenue is derived from the Zippers (Mainland China) segment that manufactures zippers products and mainly sells to customers in Mainland China. Its activities are mainly carried out in Guangdong, Zhejiang, and Jingmen.

Executives

China Sun Corporation	2101 Beneficial owner
Qiu Chuanzhi	2201 Interest of corporation controlled by you
Central Eagle Limited	2101 Beneficial owner
Wu Jingming	2201 Interest of corporation controlled by you
Chan Ho Yin	2501 Other
Li Kin Long Kenny	2501 Other
Yip Siu Lun Dave	2101 Beneficial owner
Golden Diamond Inc.	2101 Beneficial owner
Lin Ping	2201 Interest of corporation controlled by you
Mak Yung Pan Andrew	2201 Interest of corporation controlled by you
Zhuang Weidong	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Farco Holdings Limited	2101 Beneficial owner
Qi Wei	2201 Interest of corporation controlled by you

China Apex Group (HKSE:02011) Headlines

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