GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Addvalue Technologies Ltd (SGX:A31) » Definitions » Momentum Rank

Addvalue Technologies (SGX:A31) Momentum Rank : 0 (As of Jun. 25, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Addvalue Technologies Momentum Rank?

Addvalue Technologies 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.

Addvalue Technologies Momentum Rank Related Terms

Thank you for viewing the detailed overview of Addvalue Technologies's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Addvalue Technologies (SGX:A31) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Addvalue Technologies Ltd (SGX:A31) » Definitions » Momentum Rank
Comparable Companies
SGX:N01 SGX:5AB SGX:QS9 SGX:BCY CSCO MSI SHSE:601138 HPE OHEL:NOKIA OSTO:ERIC B SHSE:688036 SZSE:000063 ZBRA JNPR TPE:2345 CIEN UI SZSE:300394 SHSE:600745 SZSE:300502
Traded in Other Exchanges
DDU:Germany
Address
No. 01-11, 202 Bedok South Avenue 1, Singapore, SGP, 469332
Website
https://www.addvaluetech.com
Addvalue Technologies Ltd manufactures digital, wireless, and broadband communications technology products. It provides satellite-based communication terminals and solutions for a variety of voice and internet protocol-based data applications. The company is engaged in single business divisions: the sale of telecommunication equipment and related products and components and the provision of related design services. It has classified its business in various geographic segments Europe, the Middle East, and Africa; North America, and the Asia Pacific. The North American segment generates the maximum revenue for the company. Its North America segment includes sales made to customers based in the United States of America, Canada, and other countries within the region.

Addvalue Technologies (SGX:A31) Headlines

No Headlines