Lagenda Properties Bhd (XKLS:7179) Momentum Rank : 6 (As of Jun. 04, 2024)

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What is Lagenda Properties Bhd Momentum Rank?

Lagenda Properties 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 Lagenda Properties Bhd's Momentum Rank

For the Residential Construction subindustry, Lagenda Properties 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.

Lagenda Properties Bhd's Momentum Rank Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lagenda Properties Bhd's Momentum Rank distribution charts can be found below:

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

Lagenda Properties Bhd Momentum Rank Related Terms

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Lagenda Properties Bhd (XKLS:7179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Lagenda Properties Bhd (XKLS:7179) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pusat Bandar Seri Manjung Seksyen 2, Level 4, No. 131, Persiaran PM2/1, Seri Manjung, PRK, MYS, 32040

Website

https://www.lagendaproperties.com

Lagenda Properties Bhd is engaged in the construction business. The company constructs residential properties with facilities like swimming pool, garden area, golf course, fitness area, and jogging tracks. The operating segments of the company include Property Development, Construction and Trading. The company derives key revenue from the Property development segment which involves property development activities and the sale of completed units. The group operates in Malaysia.

Lagenda Properties Bhd (XKLS:7179) Headlines

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