Metrod Holdings Bhd (XKLS:6149) Momentum Rank : 4 (As of Dec. 11, 2024)

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What is Metrod Holdings Bhd Momentum Rank?

Metrod Holdings Bhd has the Momentum Rank of 4.

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 Metrod Holdings Bhd's Momentum Rank

For the Electrical Equipment & Parts subindustry, Metrod Holdings 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.

Metrod Holdings Bhd's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Metrod Holdings Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Metrod Holdings Bhd's Momentum Rank falls into.

Metrod Holdings Bhd Momentum Rank Related Terms

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Metrod Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Metrod Holdings Bhd (XKLS:6149) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Lengkuk Keluli 2, Bukit Raja Prime Industrial Park, Klang, SGR, MYS, 41720

Website

https://www.metrod.com

Metrod Holdings Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing and marketing of electrical conductivity grade copper wires. It operates in two business segments, Copper Business segment includes the procurement of raw materials, manufacturing, and marketing of electrical conductivity grade copper wires, rods, and strips which are used in cables, magnet wire, welding wire, transformers, and lightning protection; and Hospitality business segment. The company derives the majority of the revenue from the Copper Business segment. It has geographic presence in two countries namely Malaysia and India.

Metrod Holdings Bhd Headlines

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