Low Keng Huat (Singapore) (SGX:F1E) Momentum Rank : 9 (As of May. 28, 2024)

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What is Low Keng Huat (Singapore) Momentum Rank?

Low Keng Huat (Singapore) has the Momentum Rank of 9.

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.

Competitive Comparison of Low Keng Huat (Singapore)'s Momentum Rank

For the Real Estate - Development subindustry, Low Keng Huat (Singapore)'s Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Low Keng Huat (Singapore)'s Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Low Keng Huat (Singapore)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Low Keng Huat (Singapore)'s Momentum Rank falls into.

Low Keng Huat (Singapore) Momentum Rank Related Terms

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Low Keng Huat (Singapore) (SGX:F1E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Low Keng Huat (Singapore) Ltd (SGX:F1E) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Marine Parade Road, No.18-05/09 Parkway Parade, Singapore, SGP, 449269

Website

https://www.lkhs.com.sg

Low Keng Huat (Singapore) Ltd is a Singapore based builder engaged in the business segments which include Development, Hotels, and Investments. The Development segment is engaged in the development of properties, Hotel segment is engaged in owning and operating hotels and restaurants, and Investments segment is engaged in investment in properties and shares in quoted and unquoted equities. Geographically, the group has a business presence in Singapore, Australia, and other countries, of which key revenue is generated from Singapore.

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