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8VI Holdings (ASX:8VI) Momentum Rank : 0 (As of May. 01, 2024)


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What is 8VI Holdings Momentum Rank?

8VI 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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8VI Holdings (ASX:8VI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 8VI Holdings Ltd (ASX:8VI) » Definitions » Momentum Rank
Comparable Companies
ASX:8IH ASX:SIT ASX:CLU ASX:EDU AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN LAUR HKSE:00839 ATGE STRA AFYA HKSE:02469
Traded in Other Exchanges
N/A
Address
1557 Keppel Road, No. 01-01, Singapore, SGP, 089066
Website
https://www.8vicglobal.com
8VI Holdings Ltd provides financial education and training services. The company's operating segment includes Financial Education; Others and Corporate. The Financial Education segment is involved in providing financial education in the discipline of value investing.

8VI Holdings (ASX:8VI) Headlines

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