Lee & Man Paper Manufacturing (HKSE:02314) Momentum Rank : 8 (As of May. 06, 2024)

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What is Lee & Man Paper Manufacturing Momentum Rank?

Lee & Man Paper Manufacturing has the Momentum Rank of 8.

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 Lee & Man Paper Manufacturing's Momentum Rank

For the Paper & Paper Products subindustry, Lee & Man Paper Manufacturing'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.

Lee & Man Paper Manufacturing's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Lee & Man Paper Manufacturing's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lee & Man Paper Manufacturing's Momentum Rank falls into.

Lee & Man Paper Manufacturing Momentum Rank Related Terms

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Lee & Man Paper Manufacturing (HKSE:02314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Lee & Man Paper Manufacturing Ltd (HKSE:02314) » Definitions » Momentum Rank

Traded in Other Exchanges

LMPMY:USA LMPMF:USA LMP:Germany

Address

169 Electric Road, 39/F, Lee & Man Commercial Center, North Point, Hong Kong, HKG

Website

https://www.leemanpaper.com

Lee & Man Paper Manufacturing Ltd is an investment holding company engaged in the manufacturing and trading of paper and pulp. Its segments are Packaging Paper, Pulp, and Tissue paper. The majority of the revenue is generated from the packaging paper segment that covers the production of kraft liner board, test liner board, coated duplex board, white top liner board, and strength corrugating medium. The People's Republic of China accounts for the majority of the revenue.

Lee & Man Paper Manufacturing (HKSE:02314) Headlines

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