Marco Holdings Bhd (XKLS:3514) Momentum Rank : 5 (As of Jun. 19, 2024)

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What is Marco Holdings Bhd Momentum Rank?

Marco Holdings Bhd has the Momentum Rank of 5.

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 Marco Holdings Bhd's Momentum Rank

For the Electronics & Computer Distribution subindustry, Marco 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.

Marco Holdings Bhd's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Marco Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Marco Holdings Bhd Momentum Rank Related Terms

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Marco Holdings Bhd (XKLS:3514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Marco Holdings Bhd (XKLS:3514) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Segambut, 2nd Floor, Kuala Lumpur, SGR, MYS, 51200

Website

https://www.marco-groups.com

Marco Holdings Bhd is an investment holding company. It is engaged in the import and export of electronic equipment. The product line of the company consists of watches, calculators, label printers, electronic musical, instruments, guitars and ukulele, digital camera, and time-lapse camera. The business of the company operates in segments that include the Distribution of Electronic Calculators, Time Pieces, Musical Keyboard, and Digital Camera; and Others including Investment Holding and Dormant Companies. The Distribution of Electronic Calculators, Time Pieces, Musical Keyboard, and Digital Camera generate maximum revenue for the company. Geographically, the majority is from Malaysia.

Marco Holdings Bhd (XKLS:3514) Headlines

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