Hang Tai Yue Group Holdings (HKSE:08081) Momentum Rank : 0 (As of May. 26, 2024)

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What is Hang Tai Yue Group Holdings Momentum Rank?

Hang Tai Yue Group Holdings 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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Hang Tai Yue Group Holdings (HKSE:08081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hang Tai Yue Group Holdings Ltd (HKSE:08081) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 241-243 Nathan Road, 9th Floor, HKHC Tower, Kowloon, Hong Kong, HKG

Website

https://www.hangtaiyue.com

Hang Tai Yue Group Holdings Ltd is an investment holding company mainly engaged in the mobile internet cultural business and provision of information technology (IT) services. The Company operates its business through four segments. The Mobile Internet Cultural Business and Provision of IT Services segment is engaged in the provision of enterprise software applications and platform, as well as mobile internet applications and platform development outsourcing services, mainframe downsizing, application localization and systems integration. The Provision of Hospitality and Related Services in Australia segment is engaged in the hospitality business through its granges and resorts in Australia. The Money lending Business segment is engaged in the money lending business in Hong Kong.

Executives

King's Group Capital Limited	2101 Beneficial owner
Ng Ting Kit	2101 Beneficial owner

Hang Tai Yue Group Holdings (HKSE:08081) Headlines

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