LTKM Bhd (XKLS:7085) Momentum Rank : 9 (As of May. 14, 2024)

View and export this data going back to 2000. Start your Free Trial

What is LTKM Bhd Momentum Rank?

LTKM Bhd has the Momentum Rank of 9.

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 LTKM Bhd's Momentum Rank

For the Farm Products subindustry, LTKM 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.

LTKM Bhd's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, LTKM Bhd's Momentum Rank distribution charts can be found below:

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

LTKM Bhd Momentum Rank Related Terms

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

LTKM Bhd (XKLS:7085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » LTKM Bhd (XKLS:7085) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102, Batu 1 ½, Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.ltkm.com.my

LTKM Bhd is engaged in investment holding and provision of management services. The business operates in segments that include the Production and Sale of Poultry and Related Products; which produces and sells chicken eggs, chickens, and organic fertilizers, Extraction and Sale of Sand; which mines and sells sand, Investment Holding; which invests in quoted and unquoted securities, and Property Development; which develops residential and commercial properties. The Production and Sale of Poultry and Related Products segment generates maximum revenue for the company. The organization caters only to the Malaysian market.

LTKM Bhd (XKLS:7085) Headlines

No Headlines