Borneo Oil Bhd (XKLS:7036) Momentum Rank : 0 (As of Jan. 18, 2025)

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

What is Borneo Oil Bhd Momentum Rank?

Borneo Oil Bhd has the Momentum Rank of 0.

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.

Borneo Oil Bhd Momentum Rank Related Terms

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

Borneo Oil Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Borneo Oil Bhd (XKLS:7036) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Satok, Lot 180, Section 19, KTLD, Kuching, SWK, MYS, 93400

Website

http://www.borneo-oil.com.my

Borneo Oil Bhd is a Malaysia-based investment holding company. The company's operating segment includes Head office and others; Food and franchise operations includes ownership of restaurant chains, food manufacturing, and franchise operations; Property investment: Activities involve property maintenance and optimising property portfolios to enhance investment return. Management and Resources and sustainable energy: This includes activities such as mining and the supply of mineral resources. It generates maximum revenue from the Food and franchise operations segment. Geographically, it derives a majority of revenue from Malaysia.

Borneo Oil Bhd Headlines

No Headlines