MGB Bhd (XKLS:7595) Momentum Rank : 4 (As of Apr. 30, 2025)

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What is MGB Bhd Momentum Rank?

MGB Bhd has the Momentum Rank of 4.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of MGB Bhd's Momentum Rank

For the Engineering & Construction subindustry, MGB 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.

MGB Bhd's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, MGB Bhd's Momentum Rank distribution charts can be found below:

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

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MGB Bhd Momentum Rank Related Terms

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MGB Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MGB Bhd (XKLS:7595) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS9A/19, Seksyen 51A, H-G, Sunway PJ@51A, Petaling Jaya, SGR, MYS, 47300

Website

https://www.mgbgroup.com.my

MGB Bhd is an investment holding company. The company operates in three segments namely Construction and trading, Property Development, and Others. The majority of the revenue is generated from the Construction and trading segment which is engaged in the design and build, civil engineering, general construction, piling activities, trading of construction materials, and manufacturing of Industrialised Building System (IBS) precast products. The property development segment includes the development of residential and commercial properties. All of its revenue is generated from Malaysia.

MGB Bhd Headlines

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