Hibiscus Petroleum Bhd (XKLS:5199) Momentum Rank : 7 (As of Dec. 14, 2024)

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What is Hibiscus Petroleum Bhd Momentum Rank?

Hibiscus Petroleum Bhd has the Momentum Rank of 7.

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 Hibiscus Petroleum Bhd's Momentum Rank

For the Oil & Gas E&P subindustry, Hibiscus Petroleum 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.

Hibiscus Petroleum Bhd's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hibiscus Petroleum Bhd's Momentum Rank distribution charts can be found below:

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

Hibiscus Petroleum Bhd Momentum Rank Related Terms

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Hibiscus Petroleum Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hibiscus Petroleum Bhd (XKLS:5199) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kapas, 2nd Floor, Syed Kechik Foundation Building, Bangsar, Kuala Lumpur, SGR, MYS, 59100

Website

https://www.hibiscuspetroleum.com

Hibiscus Petroleum Bhd along with its subsidiaries is focused on monetizing producing oil and gas fields and growing the portfolio of exploration, development and producing assets. Its operating segments are: Malaysia-North Sabah, Malaysia-Kinabalu and Others, Commercial Arrangement Area, United Kingdom, Vietnam, Australia, and Investment holding and group activities. The company also develops oil and gas fields, hold investments, and provide project management, technical and other services relating to the oil and gas exploration and production industry.

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