Singapore Exchange (Singapore Exchange) Momentum Rank : 4 (As of Apr. 28, 2024)

View and export this data going back to . Start your Free Trial

What is Singapore Exchange Momentum Rank?

Singapore Exchange has the Momentum Rank of 4.

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 Singapore Exchange's Momentum Rank

For the Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.

Singapore Exchange's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Singapore Exchange's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Singapore Exchange's Momentum Rank falls into.

Singapore Exchange Momentum Rank Related Terms

Thank you for viewing the detailed overview of Singapore Exchange's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Singapore Exchange (Singapore Exchange) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Singapore Exchange Ltd (OTCPK:SPXCF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPXCY:USA S68:Singapore SOU:Germany

Address

2 Shenton Way, No. 02-02, SGX Centre 1, Singapore, SGP, 068804

Website

https://www.sgx.com

Singapore Exchange is a vertically integrated securities exchange business, offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures and the Indian Nifty 50 Index Futures.

Singapore Exchange (Singapore Exchange) Headlines

From GuruFocus

Three Quick Moaty Picks From Southeast Asia

By Steven Chen Steven Chen • 03-13-2020

Singapore Exchange Ltd's Dividend Analysis

By GuruFocus Research • 10-11-2023

Singapore Exchange: A Wide-Moat Marketplace to Benefit From the Rise of Asia

By Steven Chen Steven Chen • 02-14-2020

Singapore Exchange Ltd's Dividend Analysis

By GuruFocus Research • 10-31-2023

INVEST Fair 2023: Growing Wealth with Confidence to be held on 12th & 13th August 2023 at Suntec Exhibition Hall

By ACN Newswire • 08-10-2023