UEM Sunrise Bhd (XKLS:5148) Momentum Rank : 6 (As of Jun. 08, 2024)

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What is UEM Sunrise Bhd Momentum Rank?

UEM Sunrise Bhd has the Momentum Rank of 6.

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 UEM Sunrise Bhd's Momentum Rank

For the Real Estate - Development subindustry, UEM Sunrise 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.

UEM Sunrise Bhd's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, UEM Sunrise Bhd's Momentum Rank distribution charts can be found below:

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

UEM Sunrise Bhd Momentum Rank Related Terms

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UEM Sunrise Bhd (XKLS:5148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » UEM Sunrise Bhd (XKLS:5148) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level U2, Block C5, Solaris Dutamas, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.uemsunrise.com

UEM Sunrise Bhd is a property development company wholly owned by Khazanah, an investment fund of the Government of Malaysia. The company focuses on macro township development, high-rise residential, commercial, retail, and integrated developments, property management, and project & construction services. The company operates in three main business segments: property development, Property investment & hotel operation, and Others. The property development segment, which generates the majority of revenue, develops and sells residential and commercial properties. Its geographical segments are Malaysia, Australia, South Africa and Singapore.

UEM Sunrise Bhd (XKLS:5148) Headlines

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