Spritzer Bhd (XKLS:7103) Momentum Rank : 6 (As of May. 20, 2024)

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What is Spritzer Bhd Momentum Rank?

Spritzer 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 Spritzer Bhd's Momentum Rank

For the Beverages - Non-Alcoholic subindustry, Spritzer 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.

Spritzer Bhd's Momentum Rank Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spritzer Bhd's Momentum Rank distribution charts can be found below:

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

Spritzer Bhd Momentum Rank Related Terms

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Spritzer Bhd (XKLS:7103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Spritzer Bhd (XKLS:7103) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 898, Jalan Reservoir, Off Jalan Air Kuning, Taiping, PRK, MYS, 34000

Website

https://www.spritzer.com.my

Spritzer Bhd is engaged in the manufacturing and selling of a range of bottled water products. The company operates through three segments. Its Manufacturing segment is a key revenue driver, involved in the manufacture of natural mineral water, carbonated flavored water, distilled water, drinking water, non-carbonated flavored water, polyethylene terephthalate preforms and bottles, caps, and toothbrushes. The Trading segment is into the trading of bottled water and other consumer products. Its Other segment comprises of the recreational park, investment, and properties holding. Its products include Spritzer natural mineral water, Spritzer dispenser series, Spritzer love limited edition, Spritzer tinge, and Spritzer pop.

Spritzer Bhd (XKLS:7103) Headlines

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