Sunlight (1977) Holdings (HKSE:08451) Momentum Rank : 0 (As of May. 24, 2024)

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What is Sunlight (1977) Holdings Momentum Rank?

Sunlight (1977) Holdings 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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Sunlight (1977) Holdings (HKSE:08451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sunlight (1977) Holdings Ltd (HKSE:08451) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Tuas South Street 5, Singapore, SGP, 637590

Website

http://www.sunlightpaper.com.sg

Sunlight (1977) Holdings Ltd is an investment holding company engaged in the sales of tissue products and hygiene-related products to corporate customers. The company's products include jumbo roll tissues, hand towels, napkins, facial tissues, hygiene-related products, and tissue dispensers. Geographically, the company generates a majority of its revenue from Singapore.

Executives

Chua Liang Chui	2401 A concert party to an agreement to buy shares
Chua Liang Sie	2401 A concert party to an agreement to buy shares
Yjh Group Limited	2101 Beneficial owner

Sunlight (1977) Holdings (HKSE:08451) Headlines

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