SingAsia Holdings (HKSE:08293) Momentum Rank : 3 (As of May. 31, 2024)

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What is SingAsia Holdings Momentum Rank?

SingAsia Holdings has the Momentum Rank of 3.

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 SingAsia Holdings's Momentum Rank

For the Staffing & Employment Services subindustry, SingAsia 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.

SingAsia Holdings's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SingAsia Holdings's Momentum Rank distribution charts can be found below:

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

SingAsia Holdings Momentum Rank Related Terms

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SingAsia Holdings (HKSE:08293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SingAsia Holdings Ltd (HKSE:08293) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 12–29 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.singasia.com.sg

SingAsia Holdings Ltd is a workforce solutions provider for companies and organizations looking to streamline their operations in hotels, resorts, retail, food and beverage and other educational institutions, event organizers, and various industries sectors. The group's segments include Manpower outsourcing and Manpower recruitment. The majority of its revenue is derived from the Manpower outsourcing segment. Geographically, it generates a majority of its revenue from Singapore.

Executives

Irregular Consulting Limited	2101 Beneficial owner
Wee Yu-chih	2201 Interest of corporation controlled by you
Tse Sing Yu	2201 Interest of corporation controlled by you
Huang Weiyan	2101 Beneficial owner
Goh Guan Chua	2101 Beneficial owner
Centrex Treasure Holdings Limited	2101 Beneficial owner
Sim Hak Chor	2201 Interest of corporation controlled by you
Eden Publishing Pte. Ltd.	2101 Beneficial owner
Teo Li Lian	2101 Beneficial owner
Li Haifeng	2101 Beneficial owner
Sim Hak Chor	2201 Interest of corporation controlled by you

SingAsia Holdings (HKSE:08293) Headlines

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