Tiong Nam Logistics Holdings Bhd (XKLS:8397) Momentum Rank : 10 (As of Jun. 05, 2024)

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What is Tiong Nam Logistics Holdings Bhd Momentum Rank?

Tiong Nam Logistics Holdings 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 Tiong Nam Logistics Holdings Bhd's Momentum Rank

For the Integrated Freight & Logistics subindustry, Tiong Nam Logistics 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.

Tiong Nam Logistics Holdings Bhd's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tiong Nam Logistics Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Tiong Nam Logistics Holdings Bhd Momentum Rank Related Terms

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Tiong Nam Logistics Holdings Bhd (XKLS:8397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tiong Nam Logistics Holdings Bhd (XKLS:8397) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kempas Baru, Lot 30462, Johor Bahru, JHR, MYS, 81200

Website

http://www.tiongnam.com

Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company engaged in the provision of fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and Hotel and dormitory. It offers a variety of services such as warehouse space management services, trucking delivery, cross-border transfers, container haulage, heavy transportation, and last measure delivery for e-commerce companies. The company operates mainly in Malaysia.

Tiong Nam Logistics Holdings Bhd (XKLS:8397) Headlines

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