Asia Poly Holdings Bhd (XKLS:0105PA.PFD) Momentum Rank : 3 (As of Apr. 14, 2025)

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What is Asia Poly Holdings Bhd Momentum Rank?

Asia Poly Holdings Bhd has the Momentum Rank of 3.

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.

Competitive Comparison of Asia Poly Holdings Bhd's Momentum Rank

For the Specialty Chemicals subindustry, Asia Poly Holdings 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.

Asia Poly Holdings Bhd's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Poly Holdings Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asia Poly Holdings Bhd's Momentum Rank falls into.

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Asia Poly Holdings Bhd Momentum Rank Related Terms

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Asia Poly Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Poly Holdings Bhd (XKLS:0105PA.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0105:Malaysia

Address

Lot 758, Jalan Haji Sirat, Mukim Kapar, Klang, SGR, MYS, 42100

Website

https://www.asiapoly.com.my

Asia Poly Holdings Bhd is an investment holding company engaged in the manufacturing and selling of acrylic products (acrylic sheets and acrylic BLOCK) in various types and sizes. manufactures a wide range of cast acrylic sheet products, which are available in various specifications such as clear, tinted, opaque and fluorescent. These cast acrylic sheet products are available in two types of finishes, which are matt-finish and gloss finish. The business activity of the group is operated through Manufacturing, Trading, Property development, Renewable energy, Investment holdings and Other segments. Geographically the company operates in Malaysia. Middle East, Europe, USA, India, Brazil and others.

Asia Poly Holdings Bhd Headlines

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