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New Wave Holdings (SGX:5FX) Momentum Rank : 0 (As of Dec. 15, 2024)


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What is New Wave Holdings Momentum Rank?

New Wave 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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New Wave Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Wave Holdings Ltd (SGX:5FX) » Definitions » Momentum Rank
Comparable Companies
SGX:AWG SHSE:601600 NSE:HINDALCO OSL:NHY HKSE:01378 XKLS:8869 BUE:ALUA SZSE:000807 MIC:RUAL SHSE:600219 AA BAH:ALBH SZSE:002532 SHSE:600361 MIC:ENPG CSTM SHSE:601702 BOM:532234 SHSE:601677 SZSE:300428
Traded in Other Exchanges
N/A
Address
101 Kitchener Road No. 02-17, Jalan Besar Plaza, Singapore, SGP, 208511
Website
http://www.newwave.com.sg
New Wave Holdings Ltd is an investment holding company. The company's operating segment includes Components distribution and Aluminium products distribution. It generates maximum revenue from the Aluminium products distribution segment. Geographically, the company has a presence in Malaysia, Singapore, the People's Republic of China, and others.

New Wave Holdings Headlines

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