Protasco Bhd (XKLS:5070) Momentum Rank : 9 (As of Jun. 04, 2024)

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What is Protasco Bhd Momentum Rank?

Protasco Bhd has the Momentum Rank of 9.

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 Protasco Bhd's Momentum Rank

For the Engineering & Construction subindustry, Protasco 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.

Protasco Bhd's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Protasco Bhd's Momentum Rank distribution charts can be found below:

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

Protasco Bhd Momentum Rank Related Terms

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Protasco Bhd (XKLS:5070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Protasco Bhd (XKLS:5070) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Ikram-Uniten, Corporate Block, Unipark Suria, Kajang, SGR, MYS, 43000

Website

https://www.protasco.com.my

Protasco Bhd is engaged in the business of investment holding. It operates in eight business segments. The Maintenance segment, which is the key revenue driver, is involved in the maintenance of federal and state roads. The Construction segment consists of the development of buildings and other infrastructures facilities. The Property development segment includes the construction of commercial and residential properties. Engineering segment provides civil engineering and other related services. The Trading and manufacturing segment is in the production and marketing of construction materials. Education segment comprises of the provision of tertiary education services, Hotel & Hospitality segment and Clean Energy segment.

Protasco Bhd (XKLS:5070) Headlines

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