Globavend Holdings (Globavend Holdings) Momentum Rank : 0 (As of May. 26, 2024)

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What is Globavend Holdings Momentum Rank?

Globavend 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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Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

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