GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WLS Holdings Ltd (HKSE:08021) » Definitions » Momentum Rank

WLS Holdings (HKSE:08021) Momentum Rank : 0 (As of Jun. 06, 2024)


View and export this data going back to 2001. Start your Free Trial

What is WLS Holdings Momentum Rank?

WLS Holdings has the Momentum Rank of 0.

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.

WLS Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of WLS Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

WLS Holdings (HKSE:08021) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WLS Holdings Ltd (HKSE:08021) » Definitions » Momentum Rank
Comparable Companies
HKSE:01253 HKSE:02221 HKSE:08360 HKSE:02132 HKSE:08619 HKSE:02503 HKSE:01960 HKSE:01447 HKSE:01903 HKSE:06038 XPAR:DG NSE:LT PWR SHSE:601668 SHSE:601390 TSX:WSP EME J HKSE:01800 XKRX:028260
Traded in Other Exchanges
N/A
Address
No.11 Yip Hing Street, Rooms 1001-1006, 10th Floor, Tower A, Southmark, Wong Chuk Hang, Aberdeen, Hong Kong, HKG
Website
http://www.wls.com.hk
WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. It operates through the segments of Scaffolding, fitting out, and other auxiliary services for construction and building work, Money lending business, and Securities investment business. The group generates a majority of the revenue from the Scaffolding services segment Geographically, the company carries its business operations in Hong Kong.
Executives
Chong Man San Denise
Leung Wai Ho

WLS Holdings (HKSE:08021) Headlines

No Headlines