Tan Chong Motor Holdings Bhd (XKLS:4405) Momentum Rank : 1 (As of Jun. 22, 2024)

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What is Tan Chong Motor Holdings Bhd Momentum Rank?

Tan Chong Motor Holdings Bhd has the Momentum Rank of 1.

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 Tan Chong Motor Holdings Bhd's Momentum Rank

For the Auto Manufacturers subindustry, Tan Chong Motor 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.

Tan Chong Motor Holdings Bhd's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tan Chong Motor Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Tan Chong Motor Holdings Bhd Momentum Rank Related Terms

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Tan Chong Motor Holdings Bhd (XKLS:4405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan Chong Motor Holdings Bhd (XKLS:4405) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

62-68 Jalan Sultan Azlan Shah, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 51200

Website

https://www.tanchonggroup.com

Tan Chong Motor Holdings Bhd is primarily an automotive manufacturer based in Malaysia. The company conducts its businesses through three segments, namely, Vehicles assembly, manufacturing, distribution and after-sales services segment, Financial Services, and others. The Vehicles assembly, manufacturing, distribution and after-sales services segment is its core business and is a majority revenue generator. It is focused on the assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans and insurance agency services and other operations segment is engaged in property and investment holding activities.

Tan Chong Motor Holdings Bhd (XKLS:4405) Headlines

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