World Super Holdings (HKSE:08612) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is World Super Holdings Momentum Rank?

World Super 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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World Super Holdings (HKSE:08612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » World Super Holdings Ltd (HKSE:08612) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Electric Road, Unit 3403, 34th Floor, AIA Tower, North Point, Hong Kong, HKG

Website

http://www.worldsuperhk.com

World Super Holdings Ltd is an investment holding company mainly engaged in plant hire services. The Company operates its business through different segments. The Plant Hire segment mainly engages in the provision of rental services of crawler cranes, oscillators, reverse circulation drills (RCDs), and hydro mill trench cutters for construction projects. The Trading of Machinery, Tool, and Part segment mainly engages in the trading of new or used crawler cranes, RCDs, trench cutters, oscillators, and related spare parts. The Transportation and Other Service segment mainly engages in the provision of transportation services in delivering the machinery to and from customers' designated sites and other services.

Executives

Chiu Man Chi Vivi	2101 Beneficial owner
Li Haidong	2101 Beneficial owner
Chu Wing Yee	2201 Interest of corporation controlled by you
Bao Han Holdings Limited	2101 Beneficial owner
Sou Peng Kan Albert	2201 Interest of corporation controlled by you
Wen Qingrui	2101 Beneficial owner

World Super Holdings (HKSE:08612) Headlines

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