OIO Holdings (SGX:KUX) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is OIO Holdings Momentum Rank?

OIO Holdings 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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OIO Holdings (SGX:KUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » OIO Holdings Ltd (SGX:KUX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Arumugam Road, No. 01-03 LTC Building D, Singapore, SGP, 409961

Website

https://www.oio.holdings

OIO Holdings Ltd is a holding company engaged in the provision of M&E engineering services and solutions such as Project Management Services and Turnkey Contracting Services and the blockchain-related agency and related businesses. The group has developed extensive expertise as M&E engineering services and solutions provider and has built up a strong network with well-established customers who are either often engaged in projects in Singapore and the region or require its services for their hotels and properties. The group has diversified its business to blockchain-related agencies and related businesses.

OIO Holdings (SGX:KUX) Headlines

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