Sern Kou Resources Bhd (XKLS:7180) Momentum Rank : 6 (As of May. 19, 2024)

View and export this data going back to 2004. Start your Free Trial

What is Sern Kou Resources Bhd Momentum Rank?

Sern Kou Resources 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 Sern Kou Resources Bhd's Momentum Rank

For the Lumber & Wood Production subindustry, Sern Kou Resources 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.

Sern Kou Resources Bhd's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sern Kou Resources Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sern Kou Resources Bhd's Momentum Rank falls into.

Sern Kou Resources Bhd Momentum Rank Related Terms

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

Sern Kou Resources Bhd (XKLS:7180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sern Kou Resources Bhd (XKLS:7180) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Perindustrian 1, Lot PTD 6019 (Lot 8804), Kawasan Perindustrian Bukit Bakri, Mukim Bakri, Muar, JHR, MYS, 84200

Website

https://www.sernkou.com

Sern Kou Resources Bhd along with its subsidiaries is engaged in manufacturing, processing and trading all kinds of timber, wood and related products, and logging, processing and trading of rubberwood and timber. The company's reportable segments include, Manufacturing and trading of wooden furniture, Investment holding and processing and trading of wood. Substantial revenue for the company is generated from it processing and trading of woods segment. The company has presence in different geographical areas which include, Malaysia, United States of America and European countries, Asia-Pacific countries and others.

Sern Kou Resources Bhd (XKLS:7180) Headlines

No Headlines