Noble Engineering Group Holdings (HKSE:08445) Momentum Rank : 6 (As of Dec. 15, 2024)

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What is Noble Engineering Group Holdings Momentum Rank?

Noble Engineering Group Holdings has the Momentum Rank of 6.

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 Noble Engineering Group Holdings's Momentum Rank

For the Engineering & Construction subindustry, Noble Engineering Group Holdings'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.

Noble Engineering Group Holdings's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Noble Engineering Group Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Noble Engineering Group Holdings's Momentum Rank falls into.

Noble Engineering Group Holdings Momentum Rank Related Terms

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Noble Engineering Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Noble Engineering Group Holdings Ltd (HKSE:08445) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

889 Cheung Sha Wan Road, Room 9, 25th Floor, CRE Centre, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.nobleengineering.com.hk

Noble Engineering Group Holdings Ltd performs wet trades works as a subcontractor in Hong Kong. It offers wet trades works solutions including tile-laying, bricklaying, plastering, floor screeding and marble works. Its services are provided to both the private sector and public sector for various building construction projects including residential, community facilities, public housing, and commercial development projects.

Executives

Land Noble Holdings Limited	2101 Beneficial owner
Or So Lan	2202 Interest of your spouse
Yapp Ngi Yang	2202 Interest of your spouse
Tse Chun Kuen	2201 Interest of corporation controlled by you
Tse Chun Yuen	2201 Interest of corporation controlled by you
Tse Man Loong	2101 Beneficial owner
Wang Wei	2101 Beneficial owner
Sun Yi Yun	2101 Beneficial owner

Noble Engineering Group Holdings Headlines

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