Heng Hup Holdings (HKSE:01891) Momentum Rank : 2 (As of Jun. 10, 2024)

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What is Heng Hup Holdings Momentum Rank?

Heng Hup Holdings 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 Heng Hup Holdings's Momentum Rank

For the Metal Fabrication subindustry, Heng Hup 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.

Heng Hup Holdings's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heng Hup Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Heng Hup Holdings's Momentum Rank falls into.

Heng Hup Holdings Momentum Rank Related Terms

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Heng Hup Holdings (HKSE:01891) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heng Hup Holdings Ltd (HKSE:01891) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 264, Jalan Satu A, Kampung Baru Subang, Shah Alam, MYS, 40150

Website

https://www.henghup.com

Heng Hup Holdings Ltd is a scrap ferrous metal trader in Malaysia. The company is mainly engaged in trading of scrap ferrous metals, used batteries, waste paper, and other scraps. Its only operating segment being trading of recycling materials. Geographically, it derives revenue from Malaysia.

Executives

Juan Sook Fong	2202 Interest of your spouse
Koo Lee Ching	2202 Interest of your spouse
Loh Hui Mei	2202 Interest of your spouse
Peong Ai Teen	2202 Interest of your spouse
Sia Keng Leong	2201 Interest of corporation controlled by you
Sia Kok Chin	2201 Interest of corporation controlled by you
Sia Kok Chong	2201 Interest of corporation controlled by you
Sia Kok Heong	2201 Interest of corporation controlled by you
Sia Kok Seng	2201 Interest of corporation controlled by you
Yang Mei Feng	2202 Interest of your spouse
5s Holdings (bvi) Limited	2101 Beneficial owner
Poon Ka Ho Stanley

Heng Hup Holdings (HKSE:01891) Headlines

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