New Century Group Hong Kong (HKSE:00234) Momentum Rank : 0 (As of May. 03, 2025)

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What is New Century Group Hong Kong Momentum Rank?

New Century Group Hong Kong has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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New Century Group Hong Kong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New Century Group Hong Kong Ltd (HKSE:00234) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3808, 38th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.ncgrp.com.hk

New Century Group Hong Kong Ltd is an investment holding company. The firm along with its subsidiaries is engaged in the business segments of Property investments; Money lending services; and Securities trading, where the securities trading segment engages in the trading of marketable securities for short-term investment purposes; the Property investments segment invests in prime office space and commercial shops for their rental income potential; and the Money lending segment engages in the provision of secured mortgage loans and unsecured personal loans. The company derives the majority of its revenue from the Money lending segment. The group operates in Hong Kong and the rest of Southeast Asia, of which maximum revenue is generated from Hong Kong.

Executives

Ng Lilian	2101 Beneficial owner
Ng Siew Lang, Linda	2101 Beneficial owner
Sio Ion Kuan	2101 Beneficial owner
Ng Wee Keat	2101 Beneficial owner
Huang Si Teng	2501 Other
Ng (huang) Cheow Leng	2201 Interest of corporation controlled by you
Huang Group (bvi) Limited	2201 Interest of corporation controlled by you

New Century Group Hong Kong Headlines

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