Cabbeen Fashion (HKSE:02030) Momentum Rank : 3 (As of Jun. 10, 2024)

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What is Cabbeen Fashion Momentum Rank?

Cabbeen Fashion has the Momentum Rank of 3.

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 Cabbeen Fashion's Momentum Rank

For the Apparel Manufacturing subindustry, Cabbeen Fashion'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.

Cabbeen Fashion's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Cabbeen Fashion's Momentum Rank falls into.

Cabbeen Fashion Momentum Rank Related Terms

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Cabbeen Fashion (HKSE:02030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cabbeen Fashion Ltd (HKSE:02030) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Kai Tai Da Road, 9th Floor, Block C, Huang Pu District, Guangzhou, CHN, 510700

Website

https://www.cabbeen.com

Cabbeen Fashion Ltd is a Chinese designer brand. The company designs and sells apparel for men, women, and children under four brands, namely, Cabbeen, Cabbeen Urban, Cabbeen Love, and 2AM. Its retail network covers 31 provinces, autonomous regions, municipalities, and several online platforms in the People's Republic of China. The company is also engaged in the e-commerce business.

Executives

Acute Result Holdings Limited	2101 Beneficial owner
Ke Liting	2202 Interest of your spouse
Yang Ziming	2201 Interest of corporation controlled by you

Cabbeen Fashion (HKSE:02030) Headlines

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