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USP Group (SGX:BRS) Momentum Rank : 0 (As of May. 23, 2024)


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What is USP Group Momentum Rank?

USP Group 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.

USP Group Momentum Rank Related Terms

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USP Group (SGX:BRS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » USP Group Ltd (SGX:BRS) » Definitions » Momentum Rank
Comparable Companies
SGX:49B SGX:BLU SGX:5EF SGX:5NV ADX:IHC HON TSE:8058 TSE:6501 TSE:8001 TSE:8031 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002 TSE:8053 TSE:4901 TSE:8015 HKSE:00001 BSP:ITSA3 TSE:6971
Traded in Other Exchanges
N/A
Address
7 Temasek Boulevard, No. 29-02A, Singapore, SGP, 038987
Website
https://www.uspgroup.com.sg
USP Group Ltd is an investment holding company. The company operates through the segments of Property investments; Marine distributors and dealerships; Calibration of environmental equipment and others. It generates maximum revenue from the Marine distributors and dealerships segment. The Marine distributors and dealerships segment is a trader of marine equipment and related products. Geographically, it derives a majority of revenue from Malaysia.

USP Group (SGX:BRS) Headlines

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