New Amante Group (HKSE:08412) Momentum Rank : 5 (As of Jun. 06, 2024)

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What is New Amante Group Momentum Rank?

New Amante Group has the Momentum Rank of 5.

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 New Amante Group's Momentum Rank

For the Restaurants subindustry, New Amante Group'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.

New Amante Group's Momentum Rank Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, New Amante Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where New Amante Group's Momentum Rank falls into.

New Amante Group Momentum Rank Related Terms

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New Amante Group (HKSE:08412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » New Amante Group Ltd (HKSE:08412) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road,, 25th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

https://www.new-amante.com

New Amante Group Ltd is an investment holding company with its subsidiaries company principally engaged in the operation of club, entertainment, and Securities investment in Hong Kong.

Executives

Ho Chin Nang	2201 Interest of corporation controlled by you
Cheung Ka Kwan	2101 Beneficial owner
Yuan Lin	2101 Beneficial owner
Wang Ning	2101 Beneficial owner
Sze Ching Lau
Aplus Concept Limited
Louey Andrea Alice
Ng Shing Joe Kester

New Amante Group (HKSE:08412) Headlines

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