Kobay Technology Bhd (XKLS:6971) Momentum Rank : 5 (As of Jun. 09, 2024)

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What is Kobay Technology Bhd Momentum Rank?

Kobay Technology 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 Kobay Technology Bhd's Momentum Rank

For the Metal Fabrication subindustry, Kobay Technology 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.

Kobay Technology Bhd's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Kobay Technology Bhd's Momentum Rank falls into.

Kobay Technology Bhd Momentum Rank Related Terms

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Kobay Technology Bhd (XKLS:6971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kobay Technology Bhd (XKLS:6971) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42-B Jalan Rangoon, 3rd Floor, Wisma Kobay, Georgetown, PNG, MYS, 10400

Website

https://www.kobaytech.com

Kobay Technology Bhd is an investment holding company. The company's operating segment includes Manufacturing and Property development, Pharmaceutical and healthcare, Asset Management and Other. It generates maximum revenue from the Manufacturing segment. The Manufacturing segment is engaged in the manufacture of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment. Geographically, it derives a majority of revenue from Malaysia.

Kobay Technology Bhd (XKLS:6971) Headlines

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