FDS Networks Group (SGX:F07) Momentum Rank : 0 (As of Jun. 21, 2024)

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

What is FDS Networks Group Momentum Rank?

FDS Networks Group 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.

FDS Networks Group Momentum Rank Related Terms

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

FDS Networks Group (SGX:F07) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FDS Networks Group Ltd. (SGX:F07) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.fdsnetworks.com

FDS Networks Group Ltd., is incorporated in Bermuda. The Company is an investment holding company. The Company operates in four segments namely Network system integration, Distribution of networking products, Provision of technical services, and Asset management. The Network system integration segment designs and implements integrated telecommunication and/or data communication networks. Distribution of networking products segment is involved in the distribution of networking and communications hardware products covers cables, adapters, modems, multiplexers, routers, switches, frame relay products and security encryption products. Provision of technical services segment relates to after-sales technical support and services pursuant to agreed maintenance contracts. Asset management segment relates to activities on investments in quoted equities instruments.

FDS Networks Group (SGX:F07) Headlines

No Headlines