China Harmony Auto Holding (HKSE:03836) Momentum Rank : 5 (As of May. 13, 2024)

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What is China Harmony Auto Holding Momentum Rank?

China Harmony Auto Holding has the Momentum Rank of 5.

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 Harmony Auto Holding's Momentum Rank

For the Auto & Truck Dealerships subindustry, China Harmony Auto Holding'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 Harmony Auto Holding's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Harmony Auto Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Harmony Auto Holding's Momentum Rank falls into.

China Harmony Auto Holding Momentum Rank Related Terms

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China Harmony Auto Holding (HKSE:03836) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Harmony Auto Holding Ltd (HKSE:03836) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HA5:Germany

Address

No. 16, Shangwuneihuan Road, 15A, Tower A, World Trade Center Building, CBD Zhengdong New District, Henan Province, Zhengzhou, CHN, 450000

Website

http://www.hexieauto.com

China Harmony Auto Holding Ltd is a China car dealer involved mainly in the business of high-end luxury and ultra-luxury vehicles. The company distributes luxury and ultra-luxury cars in China, including Rolls-Royce, Aston Martin, BMW, Lexus, Land Rover, Ferrari, and Maserati, through more than 70 dealerships dispersed across large and midsize cities such as Beijing, Shanghai, Xiamen, Guangzhou, and Wuhan.

China Harmony Auto Holding (HKSE:03836) Headlines

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