PTT Synergy Group Bhd (XKLS:7010) Momentum Rank : 6 (As of Jun. 20, 2024)

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What is PTT Synergy Group Bhd Momentum Rank?

PTT Synergy Group 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 PTT Synergy Group Bhd's Momentum Rank

For the Engineering & Construction subindustry, PTT Synergy Group 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.

PTT Synergy Group Bhd's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, PTT Synergy Group Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PTT Synergy Group Bhd's Momentum Rank falls into.

PTT Synergy Group Bhd Momentum Rank Related Terms

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PTT Synergy Group Bhd (XKLS:7010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PTT Synergy Group Bhd (XKLS:7010) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6, Persiaran Pasak Bumi, 2A-1-1(B), SpaceU8, Taman Bukit Jelutong Seksyen U8, Shah Alam, SGR, MYS, 40150

Website

https://www.pttgroup.com.my

PTT Synergy Group Bhd is a construction company specializing in earthwork and infrastructure works, an emerging property development company venturing in Industrial and Residential development, and involved in trading of building materials. The company operates in three business segments that are Construction, Trading and Property Development. A substantial portion of the company's overall revenue is generated from its Construction segment which includes the provision of end-to-end construction works in Earthwork and Infrastructure Work.

PTT Synergy Group Bhd (XKLS:7010) Headlines

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