K W Nelson Interior Design and Contracting Group (HKSE:08411) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is K W Nelson Interior Design and Contracting Group Momentum Rank?

K W Nelson Interior Design and Contracting Group 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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K W Nelson Interior Design and Contracting Group (HKSE:08411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » K W Nelson Interior Design and Contracting Group Ltd (HKSE:08411) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

651 King's Road, Room 1703, 17th Floor, Technology Plaza, Quarry Bay, Hong Kong, HKG

Website

https://www.kwnelson.com.hk

K W Nelson Interior Design and Contracting Group Ltd is engaged in providing interior designs, project management services, and fitting-out works in Hong Kong and Mainland China. It offers pre-lease advisory, interior design, space planning, project management, construction and fitting-out works, maintenance for tailor-made sections, and after-sales services. The company serves multinational companies from various industries, such as banking, retail, healthcare, legal services, catering, education, energy, insurance, telecommunications, property management, and logistics management. The majority of its revenue gets derived from Hong Kong.

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