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Serial System (SGX:S69) Momentum Rank : 0 (As of May. 20, 2024)


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What is Serial System Momentum Rank?

Serial System 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.

Serial System Momentum Rank Related Terms

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Serial System (SGX:S69) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Serial System Ltd (SGX:S69) » Definitions » Momentum Rank
Comparable Companies
SGX:Y3D SGX:BVQ SGX:B26 SGX:BDR SGX:YYN SGX:42E SGX:NHD SGX:QZG SGX:AWZ SNX XPAR:RXL SZSE:000938 TSE:4768 ARW NSIT AVT TPE:3702 TPE:2347 XSWX:ALSN TSE:3132
Traded in Other Exchanges
N/A
Address
8 Ubi View No. 05-01, Serial System Building, Singapore, SGP, 408554
Website
https://www.serialsystem.com
Serial System Ltd is an investment holding company that provides management services to its subsidiaries. The company is involved in the distribution of electronic and electrical components, and trading and distribution of fast-moving consumer goods, photographic, and timepiece products. The business operates through segments that are Electronic Components Distribution, Consumer Products Distribution, and Other Businesses.

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