Ajiya Bhd (XKLS:7609) Momentum Rank : 6 (As of Apr. 29, 2025)

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What is Ajiya Bhd Momentum Rank?

Ajiya Bhd has the Momentum Rank of 6.

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 Ajiya Bhd's Momentum Rank

For the Building Products & Equipment subindustry, Ajiya 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.

Ajiya Bhd's Momentum Rank Distribution in the Construction Industry

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

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

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Ajiya Bhd Momentum Rank Related Terms

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Ajiya Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ajiya Bhd (XKLS:7609) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Genuang, Lot 153, Kawasan Perindustrian, Batu 3, Segamat, JHR, MYS, 85000

Website

https://www.ajiya.com

Ajiya Bhd is a investment holding. The principal activities include manufacturing and trading of roofing materials, manufacturing and trading of all kinds of glass, trading of building materials and investment holding. Its products are classified in two categories: Metal Roll-forming which comprises manufacturing of metal roofing system, metal frame products, tile effect products, architectural products, light-weight channel products; and Safety Glass category which comprises of tempered, heat strengthened, decorative, laminated, insulated and other safety glass product. While it also has its presence in Thailand and Malaysia, Majority of its revenue is earned through the Malaysian market.

Ajiya Bhd Headlines

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