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New World Development Co (New World Development Co) Momentum Rank : 1 (As of Apr. 29, 2024)


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What is New World Development Co Momentum Rank?

New World Development Co has the Momentum Rank of 1.

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 World Development Co's Momentum Rank

For the Real Estate - Diversified subindustry, New World Development Co'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 World Development Co's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New World Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where New World Development Co's Momentum Rank falls into.


New World Development Co Momentum Rank Related Terms

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New World Development Co (New World Development Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World Development Co Ltd (OTCPK:NDVLY) » Definitions » Momentum Rank
Comparable Companies
HKSE:00041 HKSE:00258 HKSE:00207 HKSE:00242 HKSE:00050 HKSE:00978 HKSE:00120 HKSE:00251 HKSE:00488 HKSE:00355 ASX:GMG TSE:8801 TSE:8802 HKSE:00012 PHS:SMPH BKK:CPN XSWX:SPSN OSTO:BALD B TSE:1878 BOM:503100
Traded in Other Exchanges
NWWDF:USA 00017:Hong Kong NWDA:Germany
Address
16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG
Website
https://www.nwd.com.hk
New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.