MY E.G.Services Bhd (XKLS:0138) Momentum Rank : 1 (As of May. 01, 2024)

View and export this data going back to 2007. Start your Free Trial

What is MY E.G.Services Bhd Momentum Rank?

MY E.G.Services Bhd has the Momentum Rank of 1.

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.

Competitive Comparison of MY E.G.Services Bhd's Momentum Rank

For the Information Technology Services subindustry, MY E.G.Services 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.

MY E.G.Services Bhd's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, MY E.G.Services Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MY E.G.Services Bhd's Momentum Rank falls into.

MY E.G.Services Bhd Momentum Rank Related Terms

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

MY E.G.Services Bhd (XKLS:0138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MY E.G.Services Bhd (XKLS:0138) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

MY E.G.Services Bhd (XKLS:0138) Headlines

No Headlines