Rhong Khen International Bhd (XKLS:7006) Momentum Rank : 7 (As of Jun. 23, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Rhong Khen International Bhd Momentum Rank?

Rhong Khen International Bhd has the Momentum Rank of 7.

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 Rhong Khen International Bhd's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Rhong Khen International 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.

Rhong Khen International Bhd's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Rhong Khen International Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Rhong Khen International Bhd's Momentum Rank falls into.

Rhong Khen International Bhd Momentum Rank Related Terms

Thank you for viewing the detailed overview of Rhong Khen International Bhd's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Rhong Khen International Bhd (XKLS:7006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Rhong Khen International Bhd (XKLS:7006) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Batu 7¾ Jalan Kapar, Lot 3356, Kapar, SGR, MYS, 42200

Website

http://www.rkibhd.com

Rhong Khen International Bhd predominantly manufactures and distributes polyester boards, decorative wood panels, dining furniture, bedroom sets, and impregnated paper for domestic and export markets. It has three segments Manufacturing, Rental of investment properties and Investment holding. Majority of the revenue for the company is generated from its manufacturing segment.

Rhong Khen International Bhd (XKLS:7006) Headlines

No Headlines