Favelle Favco Bhd (XKLS:7229) Momentum Rank : 10 (As of May. 05, 2024)

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What is Favelle Favco Bhd Momentum Rank?

Favelle Favco 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 Favelle Favco Bhd's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Favelle Favco 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.

Favelle Favco Bhd's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Favelle Favco Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Favelle Favco Bhd's Momentum Rank falls into.

Favelle Favco Bhd Momentum Rank Related Terms

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Favelle Favco Bhd (XKLS:7229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Favelle Favco Bhd (XKLS:7229) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 586, 2nd Mile, Jalan Batu Tiga Lama, Klang, Selangor Darul Ehsan, MYS, 41300

Website

https://www.favellefavco.com

Favelle Favco Bhd manufactures cranes. The product portfolio includes offshore cranes, tower cranes, wharf cranes, rental of cranes, and service and maintenance. The company is also engaged in the design, engineering, and maintenance services for integrated automation solutions, process analyzers, and specialized equipment for various industries.

Favelle Favco Bhd (XKLS:7229) Headlines

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