GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Infraharta Holdings Bhd (XKLS:7240) » Definitions » Momentum Rank

Infraharta Holdings Bhd (XKLS:7240) Momentum Rank : 0 (As of Dec. 11, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Infraharta Holdings Bhd Momentum Rank?

Infraharta Holdings Bhd has the Momentum Rank of 0.

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.

Infraharta Holdings Bhd Momentum Rank Related Terms

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

Infraharta Holdings Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Infraharta Holdings Bhd (XKLS:7240) » Definitions » Momentum Rank
Comparable Companies
XKLS:0191 XKLS:0059 XKLS:0081 XKLS:7943 XKLS:2283 XKLS:5042 XKLS:0177 XKLS:7007 XKLS:0241 XKLS:7028 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
Wisma Miramas, 1, Jalan 2/109E, Unit 9-2, Level 9, Taman Desa, Kuala Lumpur, SGR, MYS, 58100
Website
https://www.infraharta.com
Infraharta Holdings Bhd is an investment holding company. The company operates in three segments namely the Construction; Property Development and Investment Holding segment. It generates maximum revenue from the Construction segment. The Construction segment is engaged in the construction and renovation of buildings and other engineering projects.

Infraharta Holdings Bhd Headlines

No Headlines