Tambun Indah Land Bhd (XKLS:5191) Momentum Rank : 8 (As of May. 04, 2024)

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What is Tambun Indah Land Bhd Momentum Rank?

Tambun Indah Land Bhd has the Momentum Rank of 8.

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 Tambun Indah Land Bhd's Momentum Rank

For the Real Estate - Diversified subindustry, Tambun Indah Land 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.

Tambun Indah Land Bhd's Momentum Rank Distribution in the Real Estate Industry

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

* The bar in red indicates where Tambun Indah Land Bhd's Momentum Rank falls into.

Tambun Indah Land Bhd Momentum Rank Related Terms

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Tambun Indah Land Bhd (XKLS:5191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tambun Indah Land Bhd (XKLS:5191) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-01, Penthouse, Wisma Pantai, Jalan Wisma Panta,, Kampung Gajah,, Butterworth, PNG, MYS, 12200

Website

https://www.tambunindah.com

Tambun Indah Land Bhd is an investment holding company. The company and its subsidiaries are engaged in investment holding, property development, construction, and project management. It operates through three segments: Investment holding, Property development and management, and Other operations. The Investment holding segment is engaged in the operation of the car park and rental income. The Property development and management segment which generates the majority of revenue engages in the development and management of land into vacant lots, residential, commercial, and/or industrial buildings. The Other Operations segment includes Construction and project management activities.

Tambun Indah Land Bhd (XKLS:5191) Headlines

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