Magnus Energy Group (HAM:SHH1) Momentum Rank : 0 (As of Jun. 23, 2024)

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What is Magnus Energy Group Momentum Rank?

Magnus Energy Group 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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Magnus Energy Group (HAM:SHH1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magnus Energy Group Ltd (HAM:SHH1) » Definitions » Momentum Rank

Comparable Companies

SGX:EB7 SGX:5OR SGX:42D SGX:557 SGX:578 SGX:5PL SGX:BLZ SGX:RF7 SGX:5G2 SGX:BDU SGX:M05 SGX:5NF SGX:5QT SGX:BLH SGX:BTP SGX:IX2 SGX:C13 SGX:5ME

Traded in Other Exchanges

N/A

Address

30 Cecil Street, No 19-08, Prudential Tower, Singapore, SGP, 049712

Website

https://www.magnusenergy.com.sg

Magnus Energy Group Ltd through its subsidiaries is engaged in the distribution of oil and gas equipment and trades renewable energy and natural resources. The company reportable segments are Oilfield equipment supply and services, Waste water treatment, Renewable energy, Drilling services, EPCC services and Investment holding.. It generates maximum revenue from Oilfield equipment supply and services segment. The company operates in Singapore, Australia, Malaysia, Indonesia, United States of America, United Arab Emirates and others.

Magnus Energy Group (HAM:SHH1) Headlines

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