Chin Hin Group Bhd (XKLS:5273) Momentum Rank : 10 (As of Jan. 18, 2025)

View and export this data going back to 2016. Start your Free Trial

What is Chin Hin Group Bhd Momentum Rank?

Chin Hin Group 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 Chin Hin Group Bhd's Momentum Rank

For the Building Materials subindustry, Chin Hin Group 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.

Chin Hin Group Bhd's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chin Hin Group Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chin Hin Group Bhd's Momentum Rank falls into.

Chin Hin Group Bhd Momentum Rank Related Terms

Thank you for viewing the detailed overview of Chin Hin Group Bhd's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Chin Hin Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chin Hin Group Bhd (XKLS:5273) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-1-9, Pusat Perdagangan Kuchai, No. 2, Jalan 1/127, Off Jalan Kuchai Lama, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 58200

Website

https://www.chinhingroup.com

Chin Hin Group Bhd is an investment holding company. Its business segments include Investment holding and management services; Building material division; Vehicle division; Property development division; and Construction division. Its geographical segments include Malaysia, Singapore, New Zealand, and the Philippines.

Chin Hin Group Bhd Headlines

No Headlines