GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BSL Corp Bhd (XKLS:7221) » Definitions » Momentum Rank

BSL Bhd (XKLS:7221) Momentum Rank : 0 (As of May. 18, 2024)


View and export this data going back to 2005. Start your Free Trial

What is BSL Bhd Momentum Rank?

BSL 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.

BSL Bhd Momentum Rank Related Terms

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

BSL Bhd (XKLS:7221) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BSL Corp Bhd (XKLS:7221) » Definitions » Momentum Rank
Comparable Companies
XKLS:7050 XKLS:7115 XKLS:5163 XKLS:0238 XKLS:7033 XKLS:7099 XKLS:7197 XKLS:7199 XKLS:0232 XKLS:5568 ATI MLI XTER:TKA SHSE:688122 TPE:2474 ESAB SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
Lot 4220, Persimpangan Jalan Batu Arang, Lebuhraya PLUS, Rawang, SGR, MYS, 48000
Website
https://www.bslcorp.com.my
BSL Corp Bhd is a Malaysia-based investment holding company. Its segments include Investment holding; Precision stamping & tooling, which derives the majority of its revenue; PCB(Printed circuit board) & module assembly; Renewable energy; and others. Its manufacturing services include Metal Stamping, PCB Assembly, CNC Machining, Welding, Roll forming, Forging, Secondary Processes, Toolmaking, and Warehousing & Logistics.

BSL Bhd (XKLS:7221) Headlines

No Headlines