Jardine Matheson Holdings (LSE:JAR) Momentum Rank : 0 (As of May. 06, 2024)

View and export this data going back to 2004. Start your Free Trial

What is Jardine Matheson Holdings Momentum Rank?

Jardine Matheson Holdings has the Momentum Rank of 0.

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.

Jardine Matheson Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of Jardine Matheson Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Jardine Matheson Holdings (LSE:JAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jardine Matheson Holdings Ltd (LSE:JAR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JMHLY:USA JARLF:USA J36:Singapore H4W:Germany

Address

33-35 Reid Street, 4th Floor, Jardine House, P.O. Box HM 1068, Hamilton, BMU, HM 12

Website

https://www.jardines.com

Jardine Matheson Holdings Ltd is a conglomerate of businesses operating primarily in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, the largest businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.

Jardine Matheson Holdings (LSE:JAR) Headlines

No Headlines