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Cape Ems Bhd (XKLS:5311) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Cape Ems Bhd Momentum Rank?

Cape Ems Bhd has the Momentum Rank of 0.

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.

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Cape Ems Bhd (XKLS:5311) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cape Ems Bhd (XKLS:5311) » Definitions » Momentum Rank
Comparable Companies
XKLS:8907 XKLS:7195 XKLS:7100 XKLS:0127 XKLS:8176 XKLS:0028 XKLS:0083 XKLS:0111 XKLS:3247 XKLS:6637 APH TPE:2317 TEL TSE:6981 SZSE:002475 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
Jalan Cyber 1A, PLO 227A, Kawasan Perindustrian Senai III, Johor Darul Tazim, JHR, MYS, 81400
Website
https://www.cape-group.com.my
Cape Ems Bhd is principally an investment holding company and is involved in electronics manufacturing services and other related supporting goods and services. Through Subsidiaries, it is also involved in aluminium die casting and electronics manufacturing services, and supply of electronic products and related activities. The geographical presence of the company is Asia, Americas and Europe.

Cape Ems Bhd (XKLS:5311) Headlines

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