Unity Group Holdings International (HKSE:01539) Momentum Rank : 9 (As of Jun. 04, 2024)

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What is Unity Group Holdings International Momentum Rank?

Unity Group Holdings International has the Momentum Rank of 9.

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 Unity Group Holdings International's Momentum Rank

For the Electrical Equipment & Parts subindustry, Unity Group Holdings International'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.

Unity Group Holdings International's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Unity Group Holdings International's Momentum Rank distribution charts can be found below:

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

Unity Group Holdings International Momentum Rank Related Terms

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Unity Group Holdings International (HKSE:01539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Unity Group Holdings International Ltd (HKSE:01539) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, Chinachem Century Tower, 15th Floor, Wan Chai, Hong Kong, HKG

Website

https://www.unitygroup.eco

Unity Group Holdings International Ltd is an investment holding company. The company's segment includes the Leasing service of energy saving systems and products; Trading of energy saving products; Consultancy service and Renewable energy service. It generates maximum revenue from the Leasing service of energy saving systems and products segment. The company operates its business in Hong Kong, Indonesia, Japan, Malaysia, Macau, and Other overseas locations. Geographically, it derives a majority of its revenue from Malaysia.

Executives

Wong Man Fai Mansfield	2201 Interest of corporation controlled by you
Abundance Development Limited	2101 Beneficial owner
Adel Abdulhameed Ibrahim Abdulla Alhosani	2201 Interest of corporation controlled by you
Asia Jit Capital Investment L.l.c.	2101 Beneficial owner
Kwok Wai Tak	2201 Interest of corporation controlled by you
Lam Arthur	2101 Beneficial owner
Beyond Ever Limited	2101 Beneficial owner
Ancient Wisdom Limited	2106 Person having a security interest in shares
Wu Shang Tun Mason	2201 Interest of corporation controlled by you
Xiong Xiaoshan
Poon Ka Ho Stanley

Unity Group Holdings International (HKSE:01539) Headlines

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