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Logistics Vicem JSC (STC:HTV) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Logistics Vicem JSC Momentum Rank?

Logistics Vicem JSC 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.

Logistics Vicem JSC Momentum Rank Related Terms

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Logistics Vicem JSC (STC:HTV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistics Vicem JSC (STC:HTV) » Definitions » Momentum Rank
Comparable Companies
BOM:531834 WAR:FPO BOM:540597 XPAE:WASSEL BOM:526622 BOM:520127 NSE:GICL BOM:540311 BOM:520155 ISX:JAYA NSE:JETFREIGHT WAR:PRL XKLS:7218 ZAG:ULPL BOM:523116 XKLS:6254 JANL NSE:TOTAL XKLS:9806 HKSE:08166
Traded in Other Exchanges
N/A
Address
405 Song Hanh Ha Noi Highway, Truong Tho Ward, Thu Duc City, Ho Chi Minh City, VNM
Website
https://www.vantaihatien.com.vn
Logistics Vicem JSC is engaged in cargo transportation by land and waterway. It mainly transports kinds of materials, minerals, constructions, materials, and consumption goods.

Logistics Vicem JSC (STC:HTV) Headlines

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