YLI Holdings Bhd (XKLS:7014) Momentum Rank : 6 (As of May. 20, 2024)

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What is YLI Holdings Bhd Momentum Rank?

YLI Holdings Bhd has the Momentum Rank of 6.

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 YLI Holdings Bhd's Momentum Rank

For the Steel subindustry, YLI Holdings 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.

YLI Holdings Bhd's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, YLI Holdings Bhd's Momentum Rank distribution charts can be found below:

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

YLI Holdings Bhd Momentum Rank Related Terms

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YLI Holdings Bhd (XKLS:7014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » YLI Holdings Bhd (XKLS:7014) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

45, Lorong Rahim Kajai 13, Taman Tun Dr. Ismail, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.yli.com.my

YLI Holdings Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the manufacturing and marketing of ductile iron, mild steel, and HDPE pipes, fittings, and other related products. In addition, the group is also engaged in the provision of task building, civil infrastructure, and project management works. The operating segments of the group are Manufacturing and Trading, Construction and Project Management. The company through its subsidiary, markets imported products for the water supply sector. The activities of the group are carried out in Malaysia, Singapore, and Vietnam and the Manufacturing and Trading segment constitutes a majorly of its revenue.

YLI Holdings Bhd (XKLS:7014) Headlines

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