Hextar Retail Bhd (XKLS:7202) Momentum Rank : 1 (As of Dec. 14, 2024)

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What is Hextar Retail Bhd Momentum Rank?

Hextar Retail Bhd has the Momentum Rank of 1.

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 Hextar Retail Bhd's Momentum Rank

For the Lumber & Wood Production subindustry, Hextar Retail 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.

Hextar Retail Bhd's Momentum Rank Distribution in the Forest Products Industry

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

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

Hextar Retail Bhd Momentum Rank Related Terms

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Hextar Retail Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Hextar Retail Bhd (XKLS:7202) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 12, Jalan RP3, Taman Rawang Perdana, Rawang, SGR, MYS, 48000

Website

http://www.hextarretail.com

Hextar Retail Bhd is engaged in the manufacturing of wooden picture frame mouldings ("WPFM") and wooden pallets. It is engaged in three business segments: WPFM includes manufacture and sale of wooden picture frame mouldings. Other timber products includes manufacture and sale of other timber products, i.e., wooden pallets. Property holding includes Holding and rental of properties. Its products are exported to North America, Australia, Europe and Japan.

Hextar Retail Bhd Headlines

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