Sound Global (HKSE:00967) Momentum Rank : 0 (As of May. 25, 2024)

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What is Sound Global Momentum Rank?

Sound Global 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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Sound Global (HKSE:00967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Sound Global Ltd (HKSE:00967) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

460 Alexandra Road, Fragrance Empire Building Number 04-03, Singapore, SGP, 119962

Website

http://www.soundglobal.com.sg

Sound Global Ltd is a utilities service provider. Its business mainly involves the provision of water supply and wastewater treatment solutions. The group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It is engaged in three operating segments, namely Turnkey Projects and Services, which is the key revenue generator; Equipment Fabrications; and Operations and maintenance of water supply and wastewater treatment facilities.

Executives

Century Plus Limited	2101 Beneficial owner
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Cinda Investment Co., Ltd.	2201 Interest of corporation controlled by you
Cui Wanlin	2201 Interest of corporation controlled by you
Jin Si Fang Investment (beijing) Company Limited	2201 Interest of corporation controlled by you
Ningbo Meishan Baoshuigangqu Jinxin Tairun Investment Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Hainan Jianxin Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Wen Yibo	2201 Interest of corporation controlled by you
Zhang Huiming	2202 Interest of your spouse
Sound Water (bvi) Limited	2101 Beneficial owner
Changxing Sound Investment Partnership (limited Partnership)	2106 Person having a security interest in shares
Shoutai Jinxin (beijing ) Fund Investment & Management Co. Ltd	2201 Interest of corporation controlled by you
Shoutai Jinxin (changxing) Investment & Management Co. Ltd.	2201 Interest of corporation controlled by you

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