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Pacific Century Regional Developments (FRA:PFQ) Momentum Rank : 0 (As of May. 11, 2024)


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What is Pacific Century Regional Developments Momentum Rank?

Pacific Century Regional Developments 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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Pacific Century Regional Developments (FRA:PFQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pacific Century Regional Developments Ltd (FRA:PFQ) » Definitions » Momentum Rank
Comparable Companies
SGX:YF8 SGX:B73 SGX:BLS SGX:42T SGX:T55 SGX:8A1 BLK BX KKR OSTO:INVE A TSX:BN APO BK AMP XSWX:PGHN OSTO:EQT LSE:III TROW STT ARES
Traded in Other Exchanges
P15:Singapore
Address
50 Raffles Place, No. 35-01, Singapore Land Tower, Singapore, SGP, 048623
Website
https://www.pcrd.com
Pacific Century Regional Developments Ltd is a Singapore-based company that engages in telecommunications, media, IT Solutions, logistics, and property development. Investments are primarily focused on Singapore, Hong Kong, Cayman Islands, and India. Operations are divided into two segments, namely Investment Holding and Business Management. The company's primary holding operates in local and international telecommunications and information technology services, technology-related businesses, and investment holding in Hong Kong. The group recognizes revenue through dividend income, fee income, interest income, and rental income.

Pacific Century Regional Developments (FRA:PFQ) Headlines

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