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SGPBY (Selangor Properties Berhad) Momentum Rank : 0 (As of Sep. 25, 2024)


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What is Selangor Properties Berhad Momentum Rank?

Selangor Properties Berhad has the Momentum Rank of 0.

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.

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Selangor Properties Berhad Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Selangor Properties Berhad (OTCPK:SGPBY) » Definitions » Momentum Rank
Comparable Companies
SHSE:600533 SZSE:000838 TSE:8923 SZSE:000897 BOM:532880 ISX:MPRO DFM:DEYAAR BSP:JHSF3 XPAR:ORIA ASX:LIC SZSE:000736 ISX:PPRO HKSE:00230 LSE:HWG SHSE:600215 HKSE:02608 XKLS:8583 SZSE:000514 WAR:DOM BSP:EVEN3
Traded in Other Exchanges
N/A
Address
Level 2 Block D, Kompleks Pejabat Damansara, Jalan Dungun, Damansara Heights, Kuala Lumpur, MYS, 50490
Website
https://www.selangorproperties.com.my
Selangor Properties Berhad is an investment holding. The company through its subsidiaries is engaged in property development, property investments and provides education both in Malaysia and in Australia. The group is organized into operating segments like Property investment; Property development; and Investment holding.

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