China Industrial Securities International Financial Group (HKSE:06058) Momentum Rank : 6 (As of May. 23, 2024)

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What is China Industrial Securities International Financial Group Momentum Rank?

China Industrial Securities International Financial 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 Industrial Securities International Financial Group's Momentum Rank

For the Financial Conglomerates subindustry, China Industrial Securities International Financial 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 Industrial Securities International Financial Group's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Industrial Securities International Financial Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Industrial Securities International Financial Group's Momentum Rank falls into.

China Industrial Securities International Financial Group Momentum Rank Related Terms

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China Industrial Securities International Financial Group (HKSE:06058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Industrial Securities International Financial Group Ltd (HKSE:06058) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Central, 32 & 25 Floor, Infinitus Plaza, Sheung Wan, Hong Kong, HKG

Website

https://www.xyzq.com.hk

China Industrial Securities International Financial Group Ltd offers integrated financial services. It operates in the business segments of Brokerage, Margin financing, Corporate finance, Asset management, Financial products & investments, and Others. The company generates the majority of its revenue from the Brokerage segment. Its revenue is primarily generated from activities based in Hong Kong.

China Industrial Securities International Financial Group (HKSE:06058) Headlines

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