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Solar District Cooling Group Bhd (XKLS:0321) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Solar District Cooling Group Bhd Momentum Rank?

Solar District Cooling Group Bhd has the Momentum Rank of 0.

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.

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Solar District Cooling Group Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Solar District Cooling Group Bhd (XKLS:0321) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
Jalan Kajang Perdana 3/2, Wisma SDC No. 25, Taman Kajang Perdana, Kajang, SGR, MYS, 43000
Website
https://www.sdc.my
Solar District Cooling Group Bhd is principally involved in the provision and maintenance of BMS, solar thermal systems, other systems and equipment and other energy services. Its wholly-owned subsidiary is principally involved in mechanical and electrical works, and project management services.

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