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NETLF (NetLink NBN Trust) Momentum Rank : 0 (As of Dec. 12, 2024)


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What is NetLink NBN Trust Momentum Rank?

NetLink NBN Trust 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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NetLink NBN Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » NetLink NBN Trust (OTCPK:NETLF) » Definitions » Momentum Rank
Comparable Companies
SGX:CC3 SGX:T41 SGX:BAI SGX:AWV SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL HKSE:00728 TSE:9433 TSE:9984 CHTR TSE:9434 MEX:AMX B SAU:7010 ADX:EAND
Traded in Other Exchanges
CJLU:Singapore
Address
750E Chai Chee Road, No. 07-03, ESR BizPark, Singapore, SGP, 469005
Website
https://www.netlinknbn.com
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue.

NetLink NBN Trust Headlines