ICP (SGX:5I4) Momentum Rank : 0 (As of Dec. 16, 2024)

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What is ICP Momentum Rank?

ICP 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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ICP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ICP Ltd (SGX:5I4) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GD1M:Germany

Address

6 Temasek Boulevard, No. 23-01, Suntec Tower Four, Singapore, SGP, 038986

Website

https://www.icp.com.sg

ICP Ltd is an investment holding and management company. The business of the company is involved in segments that include Vessels Chartering; which charters vessels, Hospitality; which includes hotel management, franchise, consultancy, and investment, and Investment Holding; which includes investment and management activities. The Hospitality business segment generates maximum revenue for the company. Its Hospitality business operates under the brand name Travelodge. Geographically the company generates maximum revenue from Japan and the rest from Singapore, Malaysia, Korea, Thailand, Hong Kong, and other regions.

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