Net Pacific Financial Holdings (SGX:5QY) Momentum Rank : 0 (As of May. 24, 2024)

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What is Net Pacific Financial Holdings Momentum Rank?

Net Pacific Financial 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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Net Pacific Financial Holdings (SGX:5QY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Net Pacific Financial Holdings Ltd (SGX:5QY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Selegie Road, No.10-25, Singapore, SGP, 188307

Website

https://www.netpac.com.sg

Net Pacific Financial Holdings Ltd is engaged in providing financing services. It provides financing services to small and medium-sized companies in the People's Republic of China, Hong Kong Special Administrative Region, Australia, and beyond. The operating segments of the group are the Financing business which generates the majority of the revenue and the Investment segment. The group provides financial services in the financing business segment which includes the provision of working capital financing, asset-backed loans, mezzanine loans, and investments in growth-oriented companies. The investment segment is the business of investing in short-term financial instruments using cash on hand pending further loan disbursement or investment opportunities under the financing business.

Net Pacific Financial Holdings (SGX:5QY) Headlines

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