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TSH Resources Bhd (SGX:TSH) Momentum Rank : 0 (As of Jan. 19, 2025)


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What is TSH Resources Bhd Momentum Rank?

TSH Resources Bhd 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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TSH Resources Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TSH Resources Bhd (SGX:TSH) » Definitions » Momentum Rank
Comparable Companies
XKLS:5138 XKLS:5012 XKLS:3476 XKLS:1996 XKLS:4383 XKLS:5029 XKLS:6633 XKLS:2593 XKLS:5069 XKLS:5027 SZSE:002714 ADM TSN SZSE:300498 BG OSL:MOWI OSL:SALM SZSE:000876 BKK:CPF CALM
Traded in Other Exchanges
9059:Malaysia
Address
No. 8, Jalan Semantan, Level 10, Menara TSH, Damansara Heights, Kuala Lumpur, MYS, 50490
Website
https://www.tsh.com.my
TSH Resources Bhd owns oil palm plantations, mills, and forest areas in Southeast Asia. Crude palm oil and palm kernel are extracted from the oil palm plantations. The company has two reportable segments, namely Palm products and Others. It generates maximum revenue from the Palm products segment. The company's geographical segments are Malaysia, Indonesia, United States of America, Southwest Pacific and Others.

TSH Resources Bhd Headlines

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