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The Vegetexco Port JSC (HSTC:VGP) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is The Vegetexco Port JSC Momentum Rank?

The Vegetexco Port JSC 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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The Vegetexco Port JSC (HSTC:VGP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Vegetexco Port JSC (HSTC:VGP) » Definitions » Momentum Rank
Comparable Companies
OSTO:PALS B BSP:PSVM11 ORSE:RKB1R BOM:526508 OSL:SBULK BKK:JUTHA WAR:KDM ISX:KARW BOM:501833 XLIS:ORE ZAG:JDPL OCSE:ERRIA HAM:HHX BSE:SNO ESEA STC:VOS GLBS ISX:PTIS SHIP IST:GSDDE
Traded in Other Exchanges
N/A
Address
1 Nguyen Van Quy Street, Phu Nhuan Ward, District 7, Ho Chi Minh City, VNM
Website
http://www.vegeport.com
The Vegetexco Port JSC is a shipping agent and maritime broker. It is engaged in developing and operations of ports and anchoring buoys. It provides leasing services and loading service to warehouses. It is also engaged in the direct export-import of fruits and vegetable varieties, fruit and vegetable products, agro-fishery products, and consumer goods.

The Vegetexco Port JSC (HSTC:VGP) Headlines

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