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F8 Enterprises (Holdings) Group (HKSE:08347) Momentum Rank : 0 (As of Jan. 18, 2025)


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What is F8 Enterprises (Holdings) Group Momentum Rank?

F8 Enterprises (Holdings) 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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F8 Enterprises (Holdings) Group Business Description

Traded in Other Exchanges
N/A
Address
38 Wang Chiu Road, Enterprise Square Five, Units 3304, 33rd Floor, Tower 1, Kowloon Bay, Kowloon, Hong Kong, HKG
F8 Enterprises (Holdings) Group Ltd is engaged in the sale and transportation of diesel oil and related products in Hong Kong. It also supplies marine diesel oil used for construction vessels and lubricant oil used for construction machinery and vehicles. It operates in one segment: The sale and transportation of diesel oil and related products. Geographically the company derives revenue from Hong Kong.
Executives
Grand Tycoon Limited 2101 Beneficial owner
Fong Chun Man 2201 Interest of corporation controlled by you
Lo Pui Yee 2202 Interest of your spouse
Li Weinian 2101 Beneficial owner

F8 Enterprises (Holdings) Group Headlines

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