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Sing Pao Media Enterprises (HKSE:08010) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Sing Pao Media Enterprises Momentum Rank?

Sing Pao Media Enterprises 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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Sing Pao Media Enterprises (HKSE:08010) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sing Pao Media Enterprises Ltd (HKSE:08010) » Definitions » Momentum Rank
Comparable Companies
BKK:SPORT SGX:YYB MIL:BLUE WAR:PGM XKLS:0173 MNI WAR:EKS TSXV:FP XTER:G6P HAM:MF8 TSXV:LM WAR:MZA WAR:PTW XKLS:6025 XKLS:5754 NSE:MPTODAY NSE:DNAMEDIA NGM:N55 WAR:AVE GPIW
Traded in Other Exchanges
N/A
Address
Website
http://www.singpao.com
SMI Publishing Group Ltd., along with its subsidiaries, is active in the field of publishing and engaged in the publication of newspapers, magazines and books. The principal activities of the Company are publication of newspapers and books; and provisions of advertising and promotion services.

Sing Pao Media Enterprises (HKSE:08010) Headlines

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