Tomypak Holdings Bhd (XKLS:7285) Momentum Rank : 3 (As of Jun. 24, 2024)

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What is Tomypak Holdings Bhd Momentum Rank?

Tomypak Holdings Bhd has the Momentum Rank of 3.

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 Tomypak Holdings Bhd's Momentum Rank

For the Packaging & Containers subindustry, Tomypak Holdings 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.

Tomypak Holdings Bhd's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tomypak Holdings Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tomypak Holdings Bhd's Momentum Rank falls into.

Tomypak Holdings Bhd Momentum Rank Related Terms

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Tomypak Holdings Bhd (XKLS:7285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tomypak Holdings Bhd (XKLS:7285) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11, Jalan Tahana, Kawasan Perindustrian Tampoi, Johor Bahru, JHR, MYS, 80350

Website

http://www.tomypak.com.my

Tomypak Holdings Bhd is a manufacturer and seller of flexible packaging materials, polyethylene, polypropylene films and sheets. The group's operation is divided into local and export market. The local market relates to sales to customers within Malaysia. The export market relates to sales to overseas customers with South East Asia being the principal market segment. Its product includes Premium packaging, used for packaging powdered beverage, High barrier metalized packaging for packaging seasoning and powdered beverage, Hot fill packaging, for packaging mayonnaise and sauces, General packaging, used for packaging confectionery, instant noodles and snacks, and Specialty used for packaging pet food and detergent.

Tomypak Holdings Bhd (XKLS:7285) Headlines

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