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Rich Capital Holdings (SGX:5G4) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Rich Capital Holdings Momentum Rank?

Rich Capital 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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Rich Capital Holdings (SGX:5G4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rich Capital Holdings Ltd (SGX:5G4) » Definitions » Momentum Rank
Comparable Companies
SGX:5UA SGX:BHD SGX:5F4 SGX:1F3 SGX:CTO SGX:PH0 SGX:P36 SGX:5PC SGX:5I1 SGX:S9B HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
140 Paya Lebar Road, No. 10-23, AZ@Paya Lebar, Singapore, SGP, 409015
Website
https://www.richcapital.com.sg
Rich Capital Holdings Ltd is engaged in the development of residential and industrial properties in Singapore and the region. Its businesses include property development, investment and management, and the provision of specialist construction services. The company's operating segments include Property investment, development and construction services; Mining, and others.

Rich Capital Holdings (SGX:5G4) Headlines

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