Ibraco Bhd (XKLS:5084) Momentum Rank : 9 (As of May. 25, 2024)

View and export this data going back to 2004. Start your Free Trial

What is Ibraco Bhd Momentum Rank?

Ibraco Bhd has the Momentum Rank of 9.

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 Ibraco Bhd's Momentum Rank

For the Real Estate - Diversified subindustry, Ibraco Bhd'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.

Ibraco Bhd's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ibraco Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ibraco Bhd's Momentum Rank falls into.

Ibraco Bhd Momentum Rank Related Terms

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

Ibraco Bhd (XKLS:5084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ibraco Bhd (XKLS:5084) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6 The NorthBank, Off Kuching-Samarahan Expressway, Kuching, SWK, MYS, 93350

Website

https://www.ibraco.com

Ibraco Bhd is a realty development and investment holding company. The company is engaged in property development, real estate, and construction of residential, commercial and industrial properties. Its segments include property development, property holding and management, Quarry operations and construction works. The majority of the revenue is derived from the property development segment. All operations of the company are held in Malaysia.

Ibraco Bhd (XKLS:5084) Headlines

No Headlines