Hong Leong Bank Bhd (XKLS:5819) Momentum Rank : 4 (As of May. 02, 2024)

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What is Hong Leong Bank Bhd Momentum Rank?

Hong Leong Bank Bhd has the Momentum Rank of 4.

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 Hong Leong Bank Bhd's Momentum Rank

For the Banks - Regional subindustry, Hong Leong Bank 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.

Hong Leong Bank Bhd's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hong Leong Bank Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hong Leong Bank Bhd's Momentum Rank falls into.

Hong Leong Bank Bhd Momentum Rank Related Terms

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Hong Leong Bank Bhd (XKLS:5819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hong Leong Bank Bhd (XKLS:5819) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.6, Jalan Damanlela, Level 30, Menara Hong Leong, Bukit, Damansara, Kuala Lumpur, MYS, 50490

Website

https://www.hlb.com.my

Hong Leong Bank Bhd is based primarily in Malaysia with a regional presence in other Southeast Asian countries, Hong Kong, and mainland China. The bank's strategy emphasizes technology while offering diverse financial products to its Islamic target base. Its services include personal financial services, business, and corporate banking, trade finance, treasury, branch and transaction banking, wealth management, investment banking, and Islamic financial services. A majority of the bank's earning assets are loans, advances, and financing. Net interest income constitutes the bulk of the bank's income generation. Most of its revenue is derived from personal financial services.

Hong Leong Bank Bhd (XKLS:5819) Headlines

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