Jentayu Sustainables Bhd (XKLS:5673) Momentum Rank : 1 (As of Dec. 12, 2024)

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What is Jentayu Sustainables Bhd Momentum Rank?

Jentayu Sustainables Bhd has the Momentum Rank of 1.

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 Jentayu Sustainables Bhd's Momentum Rank

For the Conglomerates subindustry, Jentayu Sustainables 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.

Jentayu Sustainables Bhd's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jentayu Sustainables Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jentayu Sustainables Bhd's Momentum Rank falls into.

Jentayu Sustainables Bhd Momentum Rank Related Terms

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Jentayu Sustainables Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jentayu Sustainables Bhd (XKLS:5673) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Persiaran KLCC, Unit 25-01, Level 25, Menara Felda, Kuala Lumpur, SGR, MYS, 50450

Website

https://www.jentayu-sustainables.com

Jentayu Sustainables Bhd is principally engaged in the businesses of trading and distribution of building materials. The company is organized into segments; Trading, Renewable energy, Property Development, Healthcare and Others. Its primary geographic market is Malaysia. and also has its presence in Singapore, Netherlands, Germany and France. The company generates majority of its revenue from the Trading segment.

Jentayu Sustainables Bhd Headlines

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