GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saigon General Service Corp (STC:SVC) » Definitions » Momentum Rank

Saigon General Service (STC:SVC) Momentum Rank : 0 (As of May. 22, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Saigon General Service Momentum Rank?

Saigon General Service 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.

Saigon General Service Momentum Rank Related Terms

Thank you for viewing the detailed overview of Saigon General Service's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Saigon General Service (STC:SVC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saigon General Service Corp (STC:SVC) » Definitions » Momentum Rank
Comparable Companies
SGX:T19 FSE:3047 MVXM NGO:3384 TSE:7623 XLIS:SVA BOM:531041 OCSE:AM B LSE:CFYN COL:DIMO.N0000 HKSE:08126 TSE:2754 TSE:3377 TSE:8298 WAR:BAH TSE:3352 XPAR:ALPAR HKSE:01130 XKLS:7080 TSE:3184
Traded in Other Exchanges
N/A
Address
68 Nam Ky Khoi Nghia Street, District 1, Ho Chi Minh City, VNM
Website
https://www.savico.com.vn
Saigon General Service Corp is engaged in investing and developing automobile and motorbike distributing networks of various brands. The company is involved in the dealership of cars and motorbikes. It also develops real estate projects, such as office buildings, commercial centers, apartments, and resorts. In addition, it provides financial services.