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ZO Future Group (HKSE:02309) Momentum Rank : 3 (As of May. 26, 2024)


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What is ZO Future Group Momentum Rank?

ZO Future Group 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 ZO Future Group's Momentum Rank

For the Entertainment subindustry, ZO Future 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.


ZO Future Group's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ZO Future Group's Momentum Rank distribution charts can be found below:

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



ZO Future Group Momentum Rank Related Terms

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ZO Future Group (HKSE:02309) Business Description

Traded in Other Exchanges
N/A
Address
No. 28 Heung Yip Road, 31st Floor, Vertical Square, Wong Chuk Hang, Hong Kong, HKG
ZO Future Group is an investment holding company principally engaged in the operation of the football club in the United Kingdom. The activity of the company includes offering season and match day tickets, television broadcasting, and local media businesses. Its segments are the operation of a professional football club; Investment in properties; and healthcare business. The company's activity primarily functions in the United Kingdom and it generates revenue through corporate hospitality income, merchandising income, sponsorship income, and conference income. The company generates the majority of its revenue from the operation of a professional football club in the UK.
Executives
Trillion Trophy Asia Limited 2101 Beneficial owner
Wealthy Associates International Limited 2201 Interest of corporation controlled by you
Graticity Real Estate Development Co., Ltd 2201 Interest of corporation controlled by you
Vong Pech 2201 Interest of corporation controlled by you
Lei Sutong 2201 Interest of corporation controlled by you
Suen Cho Hung, Paul 2201 Interest of corporation controlled by you
Yong Ju You Xian Gong Si 2101 Beneficial owner
Hong Long You Xian Gong Si 2101 Beneficial owner

ZO Future Group (HKSE:02309) Headlines

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