Pekat Group Bhd (XKLS:0233) Momentum Rank : 3 (As of Apr. 29, 2025)

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What is Pekat Group Bhd Momentum Rank?

Pekat Group 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 Pekat Group Bhd's Momentum Rank

For the Solar subindustry, Pekat Group 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.

Pekat Group Bhd's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Pekat Group Bhd's Momentum Rank distribution charts can be found below:

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

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Pekat Group Bhd Momentum Rank Related Terms

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Pekat Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Pekat Group Bhd (XKLS:0233) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.6, Jalan Teknologi 3/4, No.3A, 5&6, Teknologi Kubik, Taman Sains Selangor 1, kota Damansara, Selangor Darul Ehsan, Petaling Jaya, SGR, MYS, 47810

Website

https://www.pekat.com.my

Pekat Group Bhd is engaged in investment holding activities. The company's operating segments are as follows: Segment I: Design, supply, and installation of on-grid and off-grid solar photovoltaic systems and power plants. This includes the entire scope of work up to delivering the system or plant to customers and operations. Segment II: Supply and installation of earthing and lightning protection systems for buildings, facilities, and structures to protect people, property, and equipment. Segment III: Distribution of electrical products and accessories, including sales and marketing of Pekat's own brand and other third-party brands of electrical products and accessories for earthing and lightning-related products. The company generates the majority of its revenue from Segment I.

Pekat Group Bhd Headlines

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