Scope Industries Bhd (XKLS:0028) Momentum Rank : 0 (As of Jul. 23, 2025)

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What is Scope Industries Bhd Momentum Rank?

Scope Industries Bhd has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Scope Industries Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scope Industries Bhd (XKLS:0028) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 6181, Jalan Perusahaan 2, Kawasan Perindustrian Parit Buntar., Parit Buntar, PRK, MYS, 34200

Website

https://www.scope.com.my

Scope Industries Bhd operates as an investment holding company. The company is engaged in the manufacturing and assembling of electrical and electronic components and products as well as in the cultivation of oil palms. It operates through the following business segments: Manufacturing Division; Plantation Division and Trading Division. Its Manufacturing Division segment accounts for maximum of the firm's revenue. Geographically, it operates in Malaysia, Hong Kong, Europe, Singapore and Taiwan and derives majority of revenue from Hong Kong.

Scope Industries Bhd Headlines

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