Secure Logistics Group (KAR:SLGL) Momentum Rank : 0 (As of Apr. 14, 2025)

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What is Secure Logistics Group Momentum Rank?

Secure Logistics Group has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Secure Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Secure Logistics Group Ltd (KAR:SLGL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th Floor, New State, Life Tower, Islamabad, PB, PAK

Website

https://www.slg.com.pk

Secure Logistics Group Ltd operates in horizontally synergetic business lines of Logistics, Asset Tracking and Security Services. Logistics Services is primarily involved in the Long-haul and Distribution segments The long-haul segment includes bulk (coal, cement, fertilizer, etc.) and containerized cargos (food, appliances, textile, packaging material, etc.). Assets Tracking Services is involved in Assets Tracking services which includes advance fleet management, containers tracking, fuel management solutions and cold chain management.. Security Services is in the business of providing security services through its wholly owned Subsidiary company that includes providing fixed guarding, cash in transit, close protection, etc. Key revenue is generated from Logistics segment.