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Guthrie GTS Limited (SGX:G33) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is Guthrie GTS Limited Momentum Rank?

Guthrie GTS Limited 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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Guthrie GTS Limited (SGX:G33) Business Description

Industry
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PHS:MWIDE BOM:542649 HKSE:06189 ASX:NWH SHSE:603098 ASX:SSM WBO:POS SHSE:600496 XKRX:009410 SZSE:300355 SZSE:002663 OSTO:INSTAL SZSE:000498 XAMS:BAMNB SHSE:603357 SZSE:002307 NSE:PNCINFRA TSE:5911 SHSE:603359 ISX:PTPP
Traded in Other Exchanges
N/A
Address
Website
http://www.guthrie-gts.com
Guthrie GTS Limited is incorporated and domiciled in Singapore. The Company is an investment holding. The Company operates in three business segments namely Property, Engineering and Leisure. The Property segment invests and manages retail and commercial properties as well as development of residential properties for sale. The Engineering segment is involved in undertaking of engineering contracts and facilities management services and the Leisure segment invests in and operates hotels and commercial property.

Guthrie GTS Limited (SGX:G33) Headlines

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