Green Energy Group (HKSE:00979) Momentum Rank : 1 (As of Apr. 25, 2025)

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What is Green Energy Group Momentum Rank?

Green Energy Group has the Momentum Rank of 1.

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.

Competitive Comparison of Green Energy Group's Momentum Rank

For the Waste Management subindustry, Green Energy Group'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.

Green Energy Group's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Green Energy Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Green Energy Group's Momentum Rank falls into.

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Green Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Green Energy Group Ltd (HKSE:00979) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Room 7712, 77th Floor, The Center, Hong Kong, HKG

Website

https://www.greenenergy.hk

Green Energy Group Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Waste construction materials and processing services; Renewable energy; Plastic recycling/ metal scrap, and Money lending. It generates maximum revenue from the Renewable energy segment. The Renewable energy segment includes the trading and processing of recyclable oil/biodiesel. Geographically, it derives a majority of its revenue from Europe, and the rest from Hong Kong, Malaysia, Singapore, and the People's Republic of China.

Executives

New Glory Business Corporation	2101 Beneficial owner
Rich Bay Global Limited	2101 Beneficial owner
Superactive Asset Management Limited	2201 Interest of corporation controlled by you
Lee Chi Shing Caesar	2201 Interest of corporation controlled by you
Yeung So Lai	2201 Interest of corporation controlled by you

Green Energy Group Headlines

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