Field Solutions Holdings (Field Solutions Holdings) Momentum Rank : 1 (As of Jun. 03, 2024)

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What is Field Solutions Holdings Momentum Rank?

Field Solutions Holdings has the Momentum Rank of 1.

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 Field Solutions Holdings's Momentum Rank

For the Telecom Services subindustry, Field Solutions Holdings'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.

Field Solutions Holdings's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Field Solutions Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Field Solutions Holdings's Momentum Rank falls into.

Field Solutions Holdings Momentum Rank Related Terms

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Field Solutions Holdings (Field Solutions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Field Solutions Holdings Ltd (OTCPK:FSGHF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FSG:Australia

Address

23 Narabang Way, Suite 38, Belrose, Sydney, NSW, AUS, 2085

Website

https://www.fieldsolutions-group.com

Field Solutions Holdings Ltd has engaged in the operation of sub-contracted voice-over-internet protocol (VOIP) telephony in Australia. It provides VOIP-based phone services and internet phone services. The Group has one operating segment, telecommunication and infrastructure services being the supply of telecommunication and cloud services and products which are designing, building, and operating telecommunications networks in rural, regional, and remote Australia. It offers its services only in the Australian region.

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