Trive Property Group Bhd (XKLS:0118) Momentum Rank : 0 (As of Mar. 05, 2025)

View and export this data going back to 2006. Start your Free Trial

What is Trive Property Group Bhd Momentum Rank?

Trive Property Group 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.

Trive Property Group Bhd Momentum Rank Related Terms

Thank you for viewing the detailed overview of Trive Property Group Bhd's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Trive Property Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trive Property Group Bhd (XKLS:0118) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.8, Jalan Kerinchi, Bangsar South, Level 1, Tower 11, Avenue 5, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.trivegroup.com.my

Trive Property Group Bhd is a Malaysia-based investment holding company. The company's segments include Renewable energy, Property investment, and Others. The Renewable energy segment is engaged in renewable energy and related activities. The Property investment segment is engaged in renting office premises. The Others segment includes investment holding companies and dormant companies. It generates the majority of its revenue from the Renewable energy segment. Geographically, it operates in Malaysia and Singapore, of which it earns the majority of revenue from Malaysia.

Trive Property Group Bhd Headlines

No Headlines