SSH Group (ASX:SSH) Momentum Rank : 3 (As of Apr. 11, 2025)

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What is SSH Group Momentum Rank?

SSH Group has the Momentum Rank of 3.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of SSH Group's Momentum Rank

For the Specialty Business Services subindustry, SSH 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.

SSH Group's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SSH Group's Momentum Rank distribution charts can be found below:

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

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SSH Group Momentum Rank Related Terms

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SSH Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SSH Group Ltd (ASX:SSH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 William Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.sshgroup.com.au

SSH Group Ltd provides a range of safety and people services, including security, labor hire, and road safety services, to the construction, mining, civil, and government market sectors in Western Australia. The Company operates in segments; People Vertical and Equipment Vertical. The majority of revenue is derived from the People Vertical segment.

SSH Group Headlines

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