Asiatic Group (Holdings) (SGX:5CR) Momentum Rank : 0 (As of Dec. 12, 2024)

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What is Asiatic Group (Holdings) Momentum Rank?

Asiatic Group (Holdings) 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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Asiatic Group (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Asiatic Group (Holdings) Ltd (SGX:5CR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Joo Koon Circle, Singapore, SGP, 629078

Website

https://www.asiatic.com.sg

Asiatic Group (Holdings) Ltd is an engineering management company focused on the development of two sectors Fire Protection Solutions and Energy Services. The Fire Protection Solutions focuses on supplying, installing, and maintaining firefighting and protection equipment. The Energy Services focuses on power generation and the distribution of controlled power supply and equipment. The company manufactures fire extinguishers and assembles fire-fighting products such as hose reels, hydrants, alarm systems, and emergency lighting, under its brand name KILLFIRE. It operates in Singapore, Cambodia, and other countries. It generates revenue from the Fire Protection Solutions segment.

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