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Guosheng Financial Holding (SZSE:002670) Momentum Rank : 9 (As of May. 05, 2024)


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What is Guosheng Financial Holding Momentum Rank?

Guosheng Financial Holding has the Momentum Rank of 9.

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 Guosheng Financial Holding's Momentum Rank

For the Financial Conglomerates subindustry, Guosheng Financial 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.


Guosheng Financial Holding's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Guosheng Financial Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guosheng Financial Holding's Momentum Rank falls into.



Guosheng Financial Holding Momentum Rank Related Terms

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Guosheng Financial Holding (SZSE:002670) Business Description

Traded in Other Exchanges
N/A
Address
No. 5033 Yitian Road, 101F , Ping An Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000
Guosheng Financial Holding Inc is a China based integrated financial service group. It provides financial products and services including securities, investment, finance and technology. The company focuses on building brokerage and securities research, institutional securities, credit, investment management and internet finance, leading to provide customers with a chain of financial services.

Guosheng Financial Holding (SZSE:002670) Headlines

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