New Concepts Holdings (HKSE:02221) Momentum Rank : 3 (As of Jun. 07, 2024)

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What is New Concepts Holdings Momentum Rank?

New Concepts Holdings has the Momentum Rank of 3.

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 New Concepts Holdings's Momentum Rank

For the Engineering & Construction subindustry, New Concepts 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.

New Concepts Holdings's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Concepts Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where New Concepts Holdings's Momentum Rank falls into.

New Concepts Holdings Momentum Rank Related Terms

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New Concepts Holdings (HKSE:02221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Concepts Holdings Ltd (HKSE:02221) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Wang Chiu Road, Kingston International Centre, Office B, 3rd Floor, Kowloon Bay, Hong Kong, HKG

Website

http://www.primeworld-china.com

New Concepts Holdings Ltd is an investment holding company. The company's operating segment includes Construction works and Environmental protection services. It generates maximum revenue from the Construction works segment. The Construction work segment is engaged in the provision of foundation works, civil engineering works, and general building works in Hong Kong. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Mainland China.

Executives

Yuan Heng Qi Ye Guan Li Shen Zhen Ji Tuan You Xian Gong Si
Zhu Yongjun
Yuan Heng Group International Co., Limited
Lin Jiakuang
Final Destination Limited	2201 Interest of corporation controlled by you
Ding Yi Feng Holdings Group International Limited	2201 Interest of corporation controlled by you
Hong Kong Toprich Investment Limited	2101 Beneficial owner
Flying Goddess Limited	2201 Interest of corporation controlled by you
Eternity Sky Limited	2201 Interest of corporation controlled by you
Prosper Power Group Limited
Chu Shu Cheong
Jumbo Grand Enterprise Development Limited
China Investment Fund Company Limited	2201 Interest of corporation controlled by you
Flying Goddess Limited	2201 Interest of corporation controlled by you
Hong Kong Toprich Investment Limited	2101 Beneficial owner

New Concepts Holdings (HKSE:02221) Headlines

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