Future World Holdings (Future World Holdings) Momentum Rank : 8 (As of Jun. 23, 2024)

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What is Future World Holdings Momentum Rank?

Future World Holdings has the Momentum Rank of 8.

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 Future World Holdings's Momentum Rank

For the Capital Markets subindustry, Future World Holdings'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.

Future World Holdings's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Future World Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Future World Holdings's Momentum Rank falls into.

Future World Holdings Momentum Rank Related Terms

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Future World Holdings (Future World Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Future World Holdings Ltd (GREY:CNWFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00572:Hong Kong

Address

30 Harbour Road, Room 2601-2604 and 2637-2640, 26th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.fw-holdings.com

Future World Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the businesses of High technology business; Property investment; Provision of financing services; Securities trading and investment and Trading business and related service. Majority of revenue is derived from Provision of financing services segment. The group's operations are located in Hong Kong and the PRC, of which key revenue is derived from Hong Kong.

Future World Holdings (Future World Holdings) Headlines

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