APTtellite Holdings (APTtellite Holdings) Momentum Rank : 5 (As of Apr. 29, 2024)

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What is APTtellite Holdings Momentum Rank?

APTtellite Holdings has the Momentum Rank of 5.

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.

Competitive Comparison of APTtellite Holdings's Momentum Rank

For the Telecom Services subindustry, APTtellite Holdings's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

APTtellite Holdings's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, APTtellite Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where APTtellite Holdings's Momentum Rank falls into.

APTtellite Holdings Momentum Rank Related Terms

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APTtellite Holdings (APTtellite Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » APT Satellite Holdings Ltd (OTCPK:ASEJF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01045:Hong Kong

Address

22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.apstar.com

APT Satellite Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in the maintenance, operation, and provision of satellite transponder capacity and related services; satellite-based broadcasting and telecommunications services; and other services. From a regional perspective, the company's revenue is derived from customers in Hong Kong, Greater China, Southeast Asia, and other regions.

Executives

Jaycee James

10 percent owner

9298 SVL BOX, VICTORVILLE CA 92395

APTtellite Holdings (APTtellite Holdings) Headlines

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