ICO Group (HKSE:01460) Momentum Rank : 2 (As of May. 27, 2024)

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What is ICO Group Momentum Rank?

ICO Group has the Momentum Rank of 2.

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 ICO Group's Momentum Rank

For the Information Technology Services subindustry, ICO 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.

ICO Group's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, ICO Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ICO Group's Momentum Rank falls into.

ICO Group Momentum Rank Related Terms

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ICO Group (HKSE:01460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICO Group Ltd (HKSE:01460) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.1460.hk

ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.

Executives

Chan Kwok Pui	2101 Beneficial owner
Lee Cheong Yuen	2401 A concert party to an agreement to buy shares
Saetia Ladda	2202 Interest of your spouse
Tam Kwok Wah	2401 A concert party to an agreement to buy shares
Choi Chiu Fai Stanley
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ICO Group (HKSE:01460) Headlines

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