Affin Bank Bhd (XKLS:5185) Momentum Rank : 10 (As of Jun. 05, 2024)

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What is Affin Bank Bhd Momentum Rank?

Affin Bank Bhd has the Momentum Rank of 10.

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 Affin Bank Bhd's Momentum Rank

For the Banks - Regional subindustry, Affin Bank 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.

Affin Bank Bhd's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Affin Bank Bhd's Momentum Rank distribution charts can be found below:

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

Affin Bank Bhd Momentum Rank Related Terms

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Affin Bank Bhd (XKLS:5185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Affin Bank Bhd (XKLS:5185) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lingkaran TRX, Level 19, Menara AFFIN, Tun Razak Exchange, Kuala Lumpur, SGR, MYS, 55188

Website

https://www.affingroup.com

Affin Bank Bhd is a Malaysia-based bank. It operates in four segments: Commercial Banking, Investment Banking, Insurance, and Others. The company provides consumer banking, car hire purchase, mortgages, credit & debit cards, and wealth management. Under the Affin Islamic name, the bank provides Shariah-compliant services to clients. The majority of the group's revenue comes from Commercial Banking within Malaysia.

Affin Bank Bhd (XKLS:5185) Headlines

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