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Joe Holding Bhd (XKLS:7096) 12-1 Month Momentum % : 43.33% (As of Jun. 23, 2024)


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What is Joe Holding Bhd 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-06-23), Joe Holding Bhd's 12-1 Month Momentum % is 43.33%.

The industry rank for Joe Holding Bhd's 12-1 Month Momentum % or its related term are showing as below:

XKLS:7096's 12-1 Month Momentum % is ranked better than
83.68% of 1281 companies
in the Vehicles & Parts industry
Industry Median: -2.58 vs XKLS:7096: 43.33

Competitive Comparison of Joe Holding Bhd's 12-1 Month Momentum %

For the Auto Parts subindustry, Joe Holding Bhd's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Joe Holding Bhd's 12-1 Month Momentum % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Joe Holding Bhd's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Joe Holding Bhd's 12-1 Month Momentum % falls into.



Joe Holding Bhd  (XKLS:7096) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Joe Holding Bhd  (XKLS:7096) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Joe Holding Bhd 12-1 Month Momentum % Related Terms

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Joe Holding Bhd (XKLS:7096) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Teratai, Off Jalan Meru, Lot 5031 and 5032, Klang, SGR, MYS, 41050
Joe Holding Bhd is an investment holding company. The company's operating segment includes Automotive batteries; Valve Regulated Lead Acid (VRLA) batteries; Investment holding and others. It generates maximum revenue from the Automotive batteries segment. The Automotive batteries segment is engaged in the manufacture, assembly, and sale of automotive batteries and components. Geographically, it derives a majority of revenue from Malaysia. Valve Regulated Lead Acid batteries segment includes Manufacture, assembly and sales of sealed lead acid batteries. Investment holding segment includes Provision of warehouse storage service. Others includes Glove manufacturing and dormant subsidiary companies.

Joe Holding Bhd (XKLS:7096) Headlines

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