Boustead Singapore (SGX:F9D) Momentum Rank : 3 (As of Jun. 06, 2024)

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What is Boustead Singapore Momentum Rank?

Boustead Singapore 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 Boustead Singapore's Momentum Rank

For the Conglomerates subindustry, Boustead Singapore'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.

Boustead Singapore's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Boustead Singapore's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Boustead Singapore's Momentum Rank falls into.

Boustead Singapore Momentum Rank Related Terms

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Boustead Singapore (SGX:F9D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Boustead Singapore Ltd (SGX:F9D) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Ubi Avenue 4, No. 08-01 Edward Boustead Centre, Singapore, SGP, 408832

Website

https://www.boustead.sg

Boustead Singapore Ltd is an investment holding company that engages in infrastructure-related engineering services and geo-spatial solutions. It operates in four segments. The Energy Engineering segment relates to the design, engineering, and supply of systems to the oil and gas, petrochemical, and solid waste energy recovery sectors. The real estate segment relates to the provision of design-and-build expertise for industrial facilities, along with design-and-building-and-lease arrangements for industrial facilities. The geospatial segment specializes in Esri geographic information systems and location intelligence solutions and the Healthcare segment. Its geographical segments include Singapore, Asia Pacific, Australia, North and South America, Europe, and the Middle East.

Boustead Singapore (SGX:F9D) Headlines

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