Amcorp Properties Bhd (XKLS:1007PA.PFD) Momentum Rank : 0 (As of May. 26, 2024)

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What is Amcorp Properties Bhd Momentum Rank?

Amcorp Properties Bhd 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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Amcorp Properties Bhd (XKLS:1007PA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Amcorp Properties Bhd (XKLS:1007PA.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Jalan Persiaran Barat, 2.01 PJ Tower, AMCORP Trade Centre, Petaling Jaya, SGR, MYS, 46050

Website

http://www.amcorpproperties.com

Amcorp Properties Bhd is an investment holding company. It is engaged in property development and investment. The company's business includes financial services, property development, property management, engineering, information technology, and consumer goods and services. The group has three main operating segments: with its core business of Properties segregated geographically into Malaysia and Overseas Properties, together with the Contracting and Renewable Energy segment.

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