Trek 2000 International (SGX:5AB) Momentum Rank : 0 (As of May. 05, 2024)

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What is Trek 2000 International Momentum Rank?

Trek 2000 International 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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Trek 2000 International (SGX:5AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trek 2000 International Ltd (SGX:5AB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Loyang Way No. 07-13/14/15, Loyang Industrial Estate, Singapore, SGP, 508769

Website

https://www.trek2000.com.sg

Trek 2000 International Ltd is an investment holding company and ownership of a portfolio of intellectual property. Its segments include Customised solutions, Interactive consumer solutions, and Renewable Energy Solutions. The company's Interactive Consumer Solutions division is the key revenue generator. Its ICS solutions/products comprise Thumbdrive, Flucard, Security Solutions, and WiFi Memory Modules for embedded devices. It is focused on key markets like China/ Hong Kong and Taiwan, and Singapore, India, Malaysia, and Indonesia is its secondary market.

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