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Wing On Co International (HKSE:00289) Momentum Rank : 7 (As of May. 22, 2024)


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What is Wing On Co International Momentum Rank?

Wing On Co International has the Momentum Rank of 7.

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 Wing On Co International's Momentum Rank

For the Department Stores subindustry, Wing On Co International'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.


Wing On Co International's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wing On Co International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wing On Co International's Momentum Rank falls into.



Wing On Co International Momentum Rank Related Terms

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Wing On Co International (HKSE:00289) Business Description

Traded in Other Exchanges
N/A
Address
211 Des Voeux Road Central, 7th Floor, Wing On Centre, Hong Kong, HKG
Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments namely, Department Stores and Property Investment. Department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, and the United States of America. The firm derives most of its revenues from department stores.

Wing On Co International (HKSE:00289) Headlines

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