Leader Environmental Technologies (SGX:LS9) Momentum Rank : 0 (As of Dec. 11, 2024)

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What is Leader Environmental Technologies Momentum Rank?

Leader Environmental 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.

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Leader Environmental Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leader Environmental Technologies Ltd (SGX:LS9) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Science Park Road No. 04-11, No. 04-11, The Gemini, Singapore, SGP, 117610

Website

https://www.leaderet.com

Leader Environmental Technologies Ltd is engaged in the research and development, design, manufacturing, assembly, installation, and support services of environmental protection systems, for industrial waste gas and wastewater treatments. The company operates in the provision of engineering solution services in respect of sludge and water treatment, AIWater (ie, artificial intelligence technology in water treatment) and sludge treatment services, manufacturing of high-performance membrane products, and sales of equipment and parts.

Leader Environmental Technologies Headlines

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