Gas Malaysia Bhd (XKLS:5209) Momentum Rank : 10 (As of Jun. 22, 2024)

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What is Gas Malaysia Bhd Momentum Rank?

Gas Malaysia 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 Gas Malaysia Bhd's Momentum Rank

For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.

Gas Malaysia Bhd's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Momentum Rank distribution charts can be found below:

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

Gas Malaysia Bhd Momentum Rank Related Terms

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Gas Malaysia Bhd (XKLS:5209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gas Malaysia Bhd (XKLS:5209) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 5, Jalan Serendah 26/17, Seksyen 26, Shah Alam, SGR, MYS, 40732

Website

https://www.gasmalaysia.com

Gas Malaysia Bhd is a Malaysian gas utility company of which the shareholder is the state-owned Malaysian energy corporation, Petronas. Gas Malaysia is involved in the distribution and sale of natural gas and liquefied petroleum gas (LPG) within the Natural Gas Distribution System in Peninsular Malaysia. The company segments its operations into Natural Gas and LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Within this unit, the sale of natural gas generates the vast majority of revenue. Malaysia Gas also receives revenue from sales of LPG, the construction of pipelines, and pipeline usage tolling fees. While the company serves a variety of industrial and commercial consumers, its customers are residential entities.

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