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Marco Polo Marine (SGX:5LY) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Marco Polo Marine Momentum Rank?

Marco Polo Marine 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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Marco Polo Marine (SGX:5LY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marco Polo Marine Ltd (SGX:5LY) » Definitions » Momentum Rank
Comparable Companies
SGX:5UL SGX:QSD SGX:S19 SGX:CHJ SGX:WPC SGX:S56 SGX:CIN SGX:RXS BSP:PSVM11 OCSE:MAERSK B BOM:532921 HKSE:01919 SHSE:600018 TSE:9101 TSE:9104 XKRX:011200 TSE:9107 TPE:2603 SHSE:601018 HKSE:00316
Traded in Other Exchanges
MRPMF:USA
Address
66 Kallang Pudding Road, No.05-01 Hor Kew Business Centre, Singapore, SGP, 349324
Website
https://www.marcopolomarine.com.sg
Marco Polo Marine Ltd is a Singapore-based integrated marine logistics company. It is principally engaged in the shipping and shipyard businesses. The company's business segments include Ship chartering services, which relate to charter hire activities; and Shipbuilding & repair services, which relates to sales of goods, shipbuilding and ship repair activities. It generates maximum revenue from Ship chartering services segment. The company operates internationally and generates the majority of its revenue from its activities in Singapore.

Marco Polo Marine (SGX:5LY) Headlines

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