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Evergreen Fibreboard Bhd (XKLS:5101) Momentum Rank : 7 (As of Apr. 30, 2024)


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What is Evergreen Fibreboard Bhd Momentum Rank?

Evergreen Fibreboard Bhd has the Momentum Rank of 7.

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 Evergreen Fibreboard Bhd's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Evergreen Fibreboard 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.


Evergreen Fibreboard Bhd's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

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

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



Evergreen Fibreboard Bhd Momentum Rank Related Terms

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Evergreen Fibreboard Bhd (XKLS:5101) Business Description

Traded in Other Exchanges
N/A
Address
PLO 22, Parit Raja Industrial Estate, Batu Pahat, Parit Raja, JHR, MYS, 86400
Evergreen Fibreboard Bhd is a Malaysia based company engaged in the manufacture of medium-density fibreboard and wooden furniture. The group is organised into three geographical segments; Malaysia which involves the manufacture of medium density fibreboard, wooden furniture parts and furniture, particleboard, glue, and resin, as well as trading and managing of plantation; Thailand which involves the production and distribution of medium density fibreboard and wood products; and Indonesia which comprises manufacture of medium density fibreboard, glue and resin; and Others which consists distribution of household products made of rubberwood. It derives prime revenue from Malaysia.

Evergreen Fibreboard Bhd (XKLS:5101) Headlines

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