Bentre urban project JSC (HSTC:BTU) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Bentre urban project JSC Momentum Rank?

Bentre urban project JSC 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.

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Bentre urban project JSC (HSTC:BTU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bentre urban project JSC (HSTC:BTU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Nguyen Trung Truc Street, Ward 1, Ben Tre Province, Ben Tre City, VNM

Website

http://www.congtrinhdothibentre.vn

Bentre urban project JSC is a Vietnam-based company that operates in the construction industry. Its services include Maintaining roads and bridges; Urban sanitation; Construction of civil works and technical infrastructure; Non-hazardous waste collection; Treatment of pollution and other waste operations; Construction of railways and road projects and others.