abc Multiactive (HKSE:08131) Momentum Rank : 4 (As of Jun. 12, 2024)

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What is abc Multiactive Momentum Rank?

abc Multiactive has the Momentum Rank of 4.

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 abc Multiactive's Momentum Rank

For the Software - Application subindustry, abc Multiactive'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.

abc Multiactive's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where abc Multiactive's Momentum Rank falls into.

abc Multiactive Momentum Rank Related Terms

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abc Multiactive (HKSE:08131) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » abc Multiactive Ltd (HKSE:08131) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

161 Des Voeux Road, 8th Floor, Hong Kong Trade Centre, Central, Hong Kong, HKG

Website

https://www.abcmultiactive.com

abc Multiactive Ltd is a Bermuda based company principally engaged in the design and sales of computer software licenses; computer software license leasing and provision of related services; provision of maintenance services; sales of computer hardware and related products; provision of fintech resources services and overseas mortgage loan consultancy services. The company's operating segments are financial solutions, consultancy services, and Fintech resources. Its products and services include trading and settlement of equity, futures, and equity options. It is also involved in internet trade, mobile trade, global trading and wealth management. Majority of the company's revenue is derived through the financial solutions segment from Hong Kong.

Executives

Bravo Merit Management Groups Limited	2101 Beneficial owner
Leung Wai Ming	2201 Interest of corporation controlled by you
Wee Yu-chih	2201 Interest of corporation controlled by you
Dgm Trust Corporation	2301 Trustee
Maximizer International Limited	2101 Beneficial owner
Irregular Consulting Limited	2101 Beneficial owner
Tse Sing Yu	2201 Interest of corporation controlled by you

abc Multiactive (HKSE:08131) Headlines

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