Silver Ridge Holdings Bhd (XKLS:0129) Momentum Rank : 3 (As of Apr. 17, 2025)

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What is Silver Ridge Holdings Bhd Momentum Rank?

Silver Ridge 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 Silver Ridge Holdings Bhd's Momentum Rank

For the Communication Equipment subindustry, Silver Ridge 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.

Silver Ridge Holdings Bhd's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Silver Ridge Holdings Bhd's Momentum Rank distribution charts can be found below:

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

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Silver Ridge Holdings Bhd Momentum Rank Related Terms

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Silver Ridge Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silver Ridge Holdings Bhd (XKLS:0129) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan 1/68F, Off Jalan Tun Razak, Unit E-19-02, Level 19, Icon Tower - East Wing, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50400

Website

https://www.silverridge.com.my

Silver Ridge Holdings Bhd is involved in investment holding and provision of a management services business. The company provides telecommunication system architecture and design, next-generation network solution as well as telecommunication related software solutions. It derives a majority of revenue from telecommunication solutions. The telecommunication solutions provide includes 3G network architecture and engineering system design, customisation and optimisation solution; In-Building Radio Frequency Coverage and Quality (EIQ); Power Load Solutions (PLS); Base Station Subsystems Solutions (BSS); Multi-Service Access Node (MSAN) system architecture and design and others.

Silver Ridge Holdings Bhd Headlines

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