ISP Global (HKSE:08487) Momentum Rank : 2 (As of Jun. 23, 2024)

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What is ISP Global Momentum Rank?

ISP Global has the Momentum Rank of 2.

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.

Competitive Comparison of ISP Global's Momentum Rank

For the Communication Equipment subindustry, ISP Global'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.

ISP Global's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ISP Global's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ISP Global's Momentum Rank falls into.

ISP Global Momentum Rank Related Terms

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ISP Global (HKSE:08487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ISP Global Ltd (HKSE:08487) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

43/F., Central Plaza, Suite 4302, 18 Harbour Road, Wanchai, Hong Kong, HKG

Website

http://www.ispg.hk

ISP Global Ltd is a sound and communication services provider in Singapore. The company is engaged in the sale of sound and communication systems and related services; integrated services of sound and communication systems, with a focus on design, customization, and installation of sound and communication systems in buildings and alert alarm system services. The Group has two major business segments: (i) e-commerce operation; and (ii) sale and provision of integrated services of networking, sound and communication systems. The firm's revenue is mainly derived from Mainland China.

Executives

Cao Chunmeng	2101 Beneficial owner
Yau Chong Wa	2101 Beneficial owner
Yau Siu Yuk	2202 Interest of your spouse
Lux Aeterna Global Fund Spc - Lux Aeterna Asia Credit Opportunities Sp	2101 Beneficial owner
Li Chao	2106 Person having a security interest in shares
Cai Linzhou	2101 Beneficial owner

ISP Global (HKSE:08487) Headlines

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