Jadason Enterprises (SGX:J03) Momentum Rank : 0 (As of May. 25, 2024)

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What is Jadason Enterprises Momentum Rank?

Jadason Enterprises 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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Jadason Enterprises (SGX:J03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jadason Enterprises Ltd (SGX:J03) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Kaki Bukit Crescent, No.03-01, Singapore, SGP, 416237

Website

http://www.jadason.com

Jadason Enterprises Ltd is an investment holding company engaged in the distribution of machines and materials for the printed circuit board (PCB) and semiconductor industries. It operates through two segments: Equipment and supplies, which includes the provision of equipment and supplies to the PCB industry; and Manufacturing and support services, which includes the provision of equipment after-sales support and services, PCB drilling services, and PCB mass lamination services in China. It derives revenue from Singapore, the PRC, and other countries.

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