King Of Catering Global Holdings (HKSE:08619) Momentum Rank : 3 (As of May. 09, 2024)

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What is King Of Catering Global Holdings Momentum Rank?

King Of Catering Global Holdings has the Momentum Rank of 3.

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 King Of Catering Global Holdings's Momentum Rank

For the Engineering & Construction subindustry, King Of Catering Global 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.

King Of Catering Global Holdings's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, King Of Catering Global Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where King Of Catering Global Holdings's Momentum Rank falls into.

King Of Catering Global Holdings Momentum Rank Related Terms

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King Of Catering Global Holdings (HKSE:08619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » King Of Catering Global Holdings Ltd (HKSE:08619) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 9, 9 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.wcce.hk

WAC Holdings Ltd is a construction engineering consultant, focusing on the area of comprehensive structural and geotechnical engineering. The consultancy service offered by the company includes structural engineering, which involves loading calculation and stress designs; geotechnical engineering, which involves the calculation of earth surface conditions and assessment of risks posed by site conditions; certain civil engineering practice areas, which involves infrastructure works (such as drainage); and material engineering, which involves analysing the use of and selecting building materials in a construction project. Geographically, the activities are carried out through Hong Kong.

King Of Catering Global Holdings (HKSE:08619) Headlines

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