Leon Fuat Bhd (XKLS:5232) Momentum Rank : 5 (As of May. 24, 2024)

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What is Leon Fuat Bhd Momentum Rank?

Leon Fuat Bhd has the Momentum Rank of 5.

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 Leon Fuat Bhd's Momentum Rank

For the Steel subindustry, Leon Fuat 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.

Leon Fuat Bhd's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Leon Fuat Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Leon Fuat Bhd's Momentum Rank falls into.

Leon Fuat Bhd Momentum Rank Related Terms

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Leon Fuat Bhd (XKLS:5232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Leon Fuat Bhd (XKLS:5232) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wisma Leon Fuat, No. 11, Lorong Keluli 1B, Seksyen 7, Kawasan Perindustrian Bukit Raja Selatan, Shah Alam, SGR, MYS, 40000

Website

https://www.leonfuat.com.my

Leon Fuat Bhd is engaged in the provision of management services through its subsidiaries. It operates through three segments: Trading of Steel Products, Processing and/or manufacturing of Steel Products, and Others. It mainly involves the buying and selling of flat and long steel products and also offers value-added services to flat and long steel products in the form of cutting, leveling, shearing, profiling, bending, and finishing as well as the production of expanded metal and Other segment includes steel materials such as tool steel and non-ferrous metal products such as bronze, brass, aluminum, and copper. It operates in two geographical areas; Malaysia and the Republic of Singapore.

Leon Fuat Bhd (XKLS:5232) Headlines

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