Lee Swee Kiat Group Bhd (XKLS:8079) Momentum Rank : 10 (As of May. 13, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Lee Swee Kiat Group Bhd Momentum Rank?

Lee Swee Kiat Group Bhd has the Momentum Rank of 10.

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 Lee Swee Kiat Group Bhd's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Lee Swee Kiat Group 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.

Lee Swee Kiat Group Bhd's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Lee Swee Kiat Group Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lee Swee Kiat Group Bhd's Momentum Rank falls into.

Lee Swee Kiat Group Bhd Momentum Rank Related Terms

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

Lee Swee Kiat Group Bhd (XKLS:8079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lee Swee Kiat Group Bhd (XKLS:8079) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wisma LSK, Jalan Haji Abdul Manan, Lot 6122, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.lsk.com.my

Lee Swee Kiat Group Bhd operates in the Mattresses and bedsprings sector in Malaysia. The Group is organized into two business segments: Investment holding, and Natural latex and mattress-related products. The Natural latex and mattress related products segment which generates majority revenue engages in the manufacturing, trading, and distribution of mattresses, bedding accessories, laminated foam, polyurethane foam, natural latex foam, and other related products. The investment holding segment engages in investment holding activity.

Lee Swee Kiat Group Bhd (XKLS:8079) Headlines

No Headlines