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FESTF (Hybrid Kinetic Group) Momentum Rank : 0 (As of Dec. 14, 2024)


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What is Hybrid Kinetic Group Momentum Rank?

Hybrid Kinetic Group 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.

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Hybrid Kinetic Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hybrid Kinetic Group Ltd (OTCPK:FESTF) » Definitions » Momentum Rank
Comparable Companies
HKSE:02457 HKSE:01930 HKSE:00096 HKSE:06162 HKSE:02339 HKSE:08418 HKSE:01991 HKSE:01269 HKSE:08283 HKSE:06830 TSE:6902 TSE:5108 XPAR:ML SHSE:600660 GPC XKRX:012330 TSE:5802 MBLY NSE:MOTHERSON TSX:MG
Traded in Other Exchanges
01188:Hong Kong
Address
199 Des Voeux Road Central, Unit 1002, 10th Floor, Infinitus Plaza, Hong Kong, HKG
Website
http://hk1188.etnet.com.hk
Hybrid Kinetic Group Ltd is engaged in the development and sale of battery management systems and spare parts, high-tech electric motor vehicles, and advanced battery materials. It also engaged in the provision of finance leasing services. The company comprises three reportable segments: High-Tech Electric Motor Vehicles, Battery Management Systems and Spare Parts, and Advanced Batteries Materials. It generates the majority of its revenue from the Battery Management Systems and Spare Parts segment.

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