Ascent Bridge (SGX:AWG) Momentum Rank : 1 (As of Jun. 03, 2024)

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What is Ascent Bridge Momentum Rank?

Ascent Bridge has the Momentum Rank of 1.

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 Ascent Bridge's Momentum Rank

For the Aluminum subindustry, Ascent Bridge'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.

Ascent Bridge's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Ascent Bridge's Momentum Rank falls into.

Ascent Bridge Momentum Rank Related Terms

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Ascent Bridge (SGX:AWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascent Bridge Ltd (SGX:AWG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Temasek Boulevard, Number. 28-05 Suntec Tower Two, Singapore, SGP, 038989

Website

https://www.aei.com.sg

Ascent Bridge Ltd is a manufacturer, importer, and exporter of aluminum extrusion sections, metal materials, and other products. The segments of the company are Electronics and precision engineering which comprises mainly precision aluminum extrusions that form components of sophisticated products of the high-tech electronics and precision engineering industries which generate a majority of revenue for the company; and Construction and infrastructure building segment comprises mainly public infrastructure, building construction, interior fixtures, signage, and advertising panels in the construction, civil engineering, and infrastructure building industries.

Ascent Bridge (SGX:AWG) Headlines

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