Eco World International Bhd (XKLS:5283) Momentum Rank : 5 (As of Apr. 30, 2024)

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What is Eco World International Bhd Momentum Rank?

Eco World International 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 Eco World International Bhd's Momentum Rank

For the Real Estate - Diversified subindustry, Eco World International 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.

Eco World International Bhd's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eco World International Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eco World International Bhd's Momentum Rank falls into.

Eco World International Bhd Momentum Rank Related Terms

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Eco World International Bhd (XKLS:5283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eco World International Bhd (XKLS:5283) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Setia Prima S U13/S, Suite 59, Setia Avenue, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.ecoworldinternational.com

Eco World International Bhd is principally involved in property development and investment in property development projects. The group's operating and reportable segments are business units functioning in different geographical locations. Its three reportable geographical segments are; United Kingdom Includes property development activities and provision of advisory and project monitoring services, Australia Includes property development activities, and Malaysia Includes investment holding and promoting and marketing services activities.

Eco World International Bhd (XKLS:5283) Headlines

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