GDB Holdings Bhd (XKLS:0198) Momentum Rank : 9 (As of Jun. 23, 2024)

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What is GDB Holdings Bhd Momentum Rank?

GDB Holdings Bhd has the Momentum Rank of 9.

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 GDB Holdings Bhd's Momentum Rank

For the Engineering & Construction subindustry, GDB 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.

GDB Holdings Bhd's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, GDB Holdings Bhd's Momentum Rank distribution charts can be found below:

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

GDB Holdings Bhd Momentum Rank Related Terms

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GDB Holdings Bhd (XKLS:0198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GDB Holdings Bhd (XKLS:0198) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sekitar 26 Enterprise, A-02-01, F-02-01 & F-02-02, Persiaran Hulu Selangor, Seksyen 26, Shah Alam, SGR, MYS, 40400

Website

https://www.gdbhb.com.my

GDB Holdings Bhd is engaged in providing construction services, for residential, commercial, and mixed-development projects. The company is involved in the implementation of construction projects which includes daily management of all the works required for the timely completion of the projects. It also engages subcontractors to provide certain services such as the supply and installation of construction materials, machinery and equipment, and other specialized trade work. The group principally operates in Malaysia. The key revenue is derived from construction activities.

GDB Holdings Bhd (XKLS:0198) Headlines

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