HHRG Bhd (XKLS:0175) Momentum Rank : 1 (As of Jun. 20, 2024)

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What is HHRG Bhd Momentum Rank?

HHRG 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 HHRG Bhd's Momentum Rank

For the Farm Products subindustry, HHRG 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.

HHRG Bhd's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HHRG Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where HHRG Bhd's Momentum Rank falls into.

HHRG Bhd Momentum Rank Related Terms

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HHRG Bhd (XKLS:0175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HHRG Bhd (XKLS:0175) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot No. 2945 (Plot A2), Jalan Sungai Baong, Kawasan Perindustrian Perabut, Sungai Baong, Mukim 5, Sungai Bakap, Pulau Pinang, Seberang Perai Selatan, PNG, MYS, 14200

Website

https://www.henghuat.com.my

HHRG Bhd and its subsidiaries are in the business of manufacturing and trading biomass materials, mattresses, and other related products. The company has three segments: the Biomass materials and related products segment involved in the manufacturing and trading of coconut fiber and oil palm empty fruit bunch fiber and other products; the Furniture products which manufacture and trade mattresses and related products; and Investment holdings and others. The company earns maximum revenue from Biomass materials.

HHRG Bhd (XKLS:0175) Headlines

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