Sunview Group Bhd (XKLS:0262) Momentum Rank : 0 (As of Apr. 19, 2025)

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What is Sunview Group Bhd Momentum Rank?

Sunview Group Bhd has the Momentum Rank of 0.

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.

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Sunview Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sunview Group Bhd (XKLS:0262) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.5, Jln Prof Khoo Kay Kim, 01-09, 9th Floor, Menara Symphony, Seksyen 13, Petaling Jaya, SGR, MYS, 46200

Website

https://www.sunview.com.my

Sunview Group Bhd is Investment holding company engaged in clean energy service provider in Malaysia. It operates in two segments the Provision of products and services related to renewable energy provides EPCC, construction, installation, associate service, and products of solar PV facilities. and Power generation provides Solar power generation and supply. It generates the majority of its revenue from the Provision of products and services related to renewable energy.

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