Unimech Group Bhd (XKLS:7091) Momentum Rank : 10 (As of Jun. 18, 2024)

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What is Unimech Group Bhd Momentum Rank?

Unimech Group Bhd has the Momentum Rank of 10.

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 Unimech Group Bhd's Momentum Rank

For the Metal Fabrication subindustry, Unimech 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.

Unimech Group Bhd's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Unimech Group Bhd's Momentum Rank distribution charts can be found below:

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

Unimech Group Bhd Momentum Rank Related Terms

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Unimech Group Bhd (XKLS:7091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Unimech Group Bhd (XKLS:7091) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4934, Jalan Chain Ferry, Wisma Unimech, Butterworth, PNG, MYS, 12100

Website

https://www.unimechgroup.com

Unimech Group Bhd is a Malaysia-based company involved in the metal fabrication business. Its business segment includes Valves, Instrumentation, and Fittings; Electronic; and Pumps. It derives a majority of the revenue from the Valves, instrumentation, and fittings segment which involves system design, fabrication, manufacturing, and distribution of all kinds of valves, instrumentation and fittings, maintenance of boilers, and combustion. Geographically, the group has operational footprints in Australia, Malaysia, Indonesia, Thailand, the People's Republic of China, Singapore, and other countries; of which key revenue is generated from Malaysia.

Unimech Group Bhd (XKLS:7091) Headlines

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