GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JE Cleantech Holdings Ltd (NAS:JCSE) » Definitions » Momentum Rank

JE Cleantech Holdings (JE Cleantech Holdings) Momentum Rank : 0 (As of Apr. 29, 2024)


View and export this data going back to 2022. Start your Free Trial

What is JE Cleantech Holdings Momentum Rank?

JE Cleantech 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.

JE Cleantech Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of JE Cleantech Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

JE Cleantech Holdings (JE Cleantech Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JE Cleantech Holdings Ltd (NAS:JCSE) » Definitions » Momentum Rank
Comparable Companies
CVAT CGRNQ LASE PRPI BRBL ATVK JKSM BBRW BURU SHPW GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
3 Woodlands Sector 1, Singapore, SGP, 738361
Website
https://www.jecleantech.sg
JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The product lives of its cleaning systems and other equipment range from two to ten years. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. It derives a majority of its revenue from Singapore.