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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Momentum Rank : 1 (As of May. 06, 2024)


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What is Tian Ruixiang Holdings Momentum Rank?

Tian Ruixiang Holdings has the Momentum Rank of 1.

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 Tian Ruixiang Holdings's Momentum Rank

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.


Tian Ruixiang Holdings's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Momentum Rank falls into.



Tian Ruixiang Holdings Momentum Rank Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Traded in Other Exchanges
N/A
Address
North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN
Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.

Tian Ruixiang Holdings (Tian Ruixiang Holdings) Headlines