Vongroup (HKSE:00318) Momentum Rank : 9 (As of Dec. 13, 2024)

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What is Vongroup Momentum Rank?

Vongroup has the Momentum Rank of 9.

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 Vongroup's Momentum Rank

For the Information Technology Services subindustry, Vongroup'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.

Vongroup's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Vongroup's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Vongroup's Momentum Rank falls into.

Vongroup Momentum Rank Related Terms

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Vongroup Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vongroup Ltd (HKSE:00318) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

83 Hung To Road, 17A, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.thevongroup.com

Vongroup Ltd is an investment holding company and the operating segment includes Financial, Property, and Technology. The majority of the revenue is generated from the Technology segment which is engaged in the business paradigms such as fintech, cloud, distance business, and virtual technologies. It helps clients to analyze, design, develop, operate, and maintain integrated e-commerce and other online commercials, educational, and biotech platforms and products. Its geographical segments include Hong Kong, the People's Republic of China, and Macau, out of which the majority of revenue comes from Hong Kong.

Executives

Vongroup Holdings Limited	2101 Beneficial owner
Vong Tat Ieong David	2201 Interest of corporation controlled by you
Allyking International Limited	2101 Beneficial owner
Huang Rong	2201 Interest of corporation controlled by you
Kingston Investment Assets Limited	2101 Beneficial owner
Nip Brian Donald	2201 Interest of corporation controlled by you
Wun Kam Hoi	2101 Beneficial owner

Vongroup Headlines

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