China Resources Mixc Lifestyle Services (HKSE:01209) Momentum Rank : 7 (As of Apr. 29, 2024)

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What is China Resources Mixc Lifestyle Services Momentum Rank?

China Resources Mixc Lifestyle Services has the Momentum Rank of 7.

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 Resources Mixc Lifestyle Services's Momentum Rank

For the Real Estate Services subindustry, China Resources Mixc Lifestyle Services'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 Resources Mixc Lifestyle Services's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Mixc Lifestyle Services's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Resources Mixc Lifestyle Services's Momentum Rank falls into.

China Resources Mixc Lifestyle Services Momentum Rank Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Mixc Lifestyle Services Ltd (HKSE:01209) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN

Website

https://www.crmixclifestyle.com.cn

China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

China Resources Mixc Lifestyle Services (HKSE:01209) Headlines

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