NWRDY (New World China Land) Momentum Rank : 0 (As of Sep. 21, 2024)

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What is New World China Land Momentum Rank?

New World China Land 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.

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New World China Land Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World China Land Ltd (OTCPK:NWRDY) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Website

http://www.nwcl.com.hk

New World China Land Ltd is a real estate company. It develops and invests in properties and real estate in China. The firm's projects include residential communities, serviced apartments, villas, offices, shopping centers, mixed-use comprehensive buildings, hotels, and resorts. It derives the majority of its revenues from proceeds from the sale of properties. The company's majority of assets and operation are located in China.

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