Hor Kew (SGX:BBP) Momentum Rank : 3 (As of May. 26, 2024)

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What is Hor Kew Momentum Rank?

Hor Kew 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 Hor Kew's Momentum Rank

For the Engineering & Construction subindustry, Hor Kew'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.

Hor Kew's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hor Kew's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hor Kew's Momentum Rank falls into.

Hor Kew Momentum Rank Related Terms

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Hor Kew (SGX:BBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hor Kew Corp Ltd (SGX:BBP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Kallang Pudding Road, No. 07-01, Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.horkew.com.sg

Hor Kew Corp Ltd is a building construction company that provides construction-related products and services. The company manufactures and supplies prestressed and reinforced concrete building components and prefinished architectural precast components. Its segments include Property investment and development segment that is engaged in the development, sales and leasing of residential, commercial and industrial properties, construction segment that is engaged in constructing residential, institutional, industrial and commercial properties as the main contractor; and Prefabrication segment that is engaged in design, manufacture and sales of prestressed and reinforced concrete building components as well as prefabricated architectural metal components.