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shopper360 (SGX:1F0) Momentum Rank : 0 (As of May. 18, 2024)


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What is shopper360 Momentum Rank?

shopper360 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.

shopper360 Momentum Rank Related Terms

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shopper360 (SGX:1F0) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » shopper360 Ltd (SGX:1F0) » Definitions » Momentum Rank
Comparable Companies
SGX:E27 XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 SAU:4071 ZD TSE:4751 XTER:SAX SZSE:300058 IAS LSE:FOUR BOM:542752 CMPR CRTO XKRX:030000
Traded in Other Exchanges
N/A
Address
15 Jalan 16/11, 505, 5th Floor, Block A, Phileo Damansara 2, Petaling Jaya, SGR, MYS, 46350
Website
https://www.shopper360.com.my
shopper360 Ltd is a shopper marketing services provider offering merchandiser, sales force and supervisory, and talent management services. Its operating segments are the Advertising and marketing segment, Sales execution and distribution segment, Investment Holding, and Others. It generates maximum revenue from the Sales execution and distribution segment.

shopper360 (SGX:1F0) Headlines

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