Vallianz Holdings (SGX:WPC) Momentum Rank : 0 (As of May. 20, 2024)

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What is Vallianz Holdings Momentum Rank?

Vallianz 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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Vallianz Holdings (SGX:WPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Vallianz Holdings Ltd (SGX:WPC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Harbourfront Avenue, No.06-08 Keppel Bay Tower, Singapore, SGP, 098632

Website

https://www.vallianzholdings.com

Vallianz Holdings Ltd along with its subsidiaries provides offshore support vessels and integrated offshore marine solutions to the oil and gas industry. The company serves oil companies and focuses on supporting customers' offshore oil and gas services and production operations. The group has three segments namely the Vessel chartering and brokerage which includes chartering of owned vessels and brokering of vessels, Shipyard and Vessel management services which involve the provision of the crew, consultancy and logistics, marine yard services and constructions services and Investment holding. the firm generates the majority of its revenue from Shipyard and vessel management services.