Compugates Holdings Bhd (XKLS:5037) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Compugates Holdings Bhd Momentum Rank?

Compugates Holdings 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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Compugates Holdings Bhd (XKLS:5037) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Jalan PJU 1/41, Dataran Prima, Petaling Jaya, SGR, MYS, 47301

Website

http://www.compugates.com

Compugates Holdings Bhd is engaged in the distribution of electronic products and offers renewable solutions. It operates through the following segments: Trading, services and property development segment; and Agriculture. The Trading and Service segment which is core revenue driver of the firm trades, markets, and distributes imaging, technology, and communication-based products. The Agriculture segment involves trading and cultivation of agricultural products. Geographically all the operations are functioned through the region of Malaysia.

Compugates Holdings Bhd (XKLS:5037) Headlines

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