B. I. G. Industries Bhd (XKLS:7005) Momentum Rank : 6 (As of May. 17, 2024)

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What is B. I. G. Industries Bhd Momentum Rank?

B. I. G. Industries Bhd has the Momentum Rank of 6.

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 B. I. G. Industries Bhd's Momentum Rank

For the Specialty Chemicals subindustry, B. I. G. Industries 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.

B. I. G. Industries Bhd's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, B. I. G. Industries Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where B. I. G. Industries Bhd's Momentum Rank falls into.

B. I. G. Industries Bhd Momentum Rank Related Terms

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B. I. G. Industries Bhd (XKLS:7005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » B. I. G. Industries Bhd (XKLS:7005) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Tinju 13/50, 19D, 4th Floor, Block 2, Section 13, Worldwide Business Centre, Shah Alam, SGR, MYS, 40675

Website

https://www.bigind.com.my

B. I. G. Industries Bhd is engaged in manufacturing, distributing, and marketing industrial gases; property development and manufacturing and sale of ready-mix concrete products, manufacturing and trading of reinforced concrete piles and distribution of cement. It operates through the following segments: Industrial gas, Concrete, Property development and construction, and Corporate/Others.

B. I. G. Industries Bhd (XKLS:7005) Headlines

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