Soon Lian Holdings (SGX:5MD) Momentum Rank : 8 (As of May. 22, 2024)

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What is Soon Lian Holdings Momentum Rank?

Soon Lian Holdings has the Momentum Rank of 8.

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 Soon Lian Holdings's Momentum Rank

For the Aluminum subindustry, Soon Lian 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.

Soon Lian Holdings's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Soon Lian Holdings's Momentum Rank distribution charts can be found below:

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

Soon Lian Holdings Momentum Rank Related Terms

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Soon Lian Holdings (SGX:5MD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Soon Lian Holdings Ltd (SGX:5MD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Tuas Lane, Singapore, SGP, 638615

Website

https://www.slmetalsgroup.com

Soon Lian Holdings Ltd acts as a specialist supplier of aluminum alloy products. The business divisions of the company include Marine, Precision Engineering, Stockists & traders, and Others customers. The Marine division includes products used in shipbuilding - hulls, decks, superstructures, and cabins of light crafts. The Precision Engineering division includes precision parts for electronic equipment, precision instruments, medical instrumentation, automated assembly lines, pharmaceutical machinery, and robotics. Stockists segment and other customer divisions include high-strength items in aircraft industries, oil tankers, automotive parts, and towers. Its geographical segments are Singapore, Malaysia, China, Taiwan, Indonesia, and other countries.

Soon Lian Holdings (SGX:5MD) Headlines

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