SKB Shutters Bhd (XKLS:7115) Momentum Rank : 2 (As of Sep. 26, 2024)

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What is SKB Shutters Bhd Momentum Rank?

SKB Shutters Bhd has the Momentum Rank of 2.

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 SKB Shutters Bhd's Momentum Rank

For the Metal Fabrication subindustry, SKB Shutters 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.

SKB Shutters Bhd's Momentum Rank Distribution in the Industrial Products Industry

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

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

SKB Shutters Bhd Momentum Rank Related Terms

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SKB Shutters Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKB Shutters Corp Bhd (XKLS:7115) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 22, Jalan Teknologi, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.skb-shutters.com

SKB Shutters Corp Bhd is engaged in the manufacturing and sale of roller shutters, racking systems, storage system and related steel products which are carried out in Malaysia and Singapore. It also manufactures and provides repair services for motor components. The business is spread across Malaysia, Asia, Middle East, Australia and other regions. The group's clients are main contractors, manufacturing plants and warehouse operators.

SKB Shutters Bhd Headlines

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