AF Global (SGX:L38) Momentum Rank : 0 (As of Jun. 11, 2024)

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What is AF Global Momentum Rank?

AF Global 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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AF Global (SGX:L38) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Ubi Avenue 3 No. 04-01, Aspial One, Singapore, SGP, 408864

Website

http://www.afgl.com.sg

AF Global Ltd focuses on hospitality and investment holdings divisions. The activity of the firm is operated by Property, Hotel, and serviced residences, and Others segments. The Property segment relates to project and property management, real estate consultancy services, investment in properties and development of properties for sale. The Hotel and serviced Residence segment owns and operates hotels and serviced residences. The Others segment relates mainly to investment holding activities.

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