Beshom Holdings Bhd (XKLS:7668) Momentum Rank : 4 (As of Jun. 25, 2024)

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What is Beshom Holdings Bhd Momentum Rank?

Beshom Holdings Bhd has the Momentum Rank of 4.

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 Beshom Holdings Bhd's Momentum Rank

For the Pharmaceutical Retailers subindustry, Beshom 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.

Beshom Holdings Bhd's Momentum Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Beshom Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Beshom Holdings Bhd Momentum Rank Related Terms

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Beshom Holdings Bhd (XKLS:7668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Beshom Holdings Bhd (XKLS:7668) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wisma Hai-O, Jalan Kapar, Lot 11995, Batu 2, Klang, SGR, MYS, 41400

Website

https://www.hai-o.com.my

Hai-O Enterprise Bhd is principally engaged in the wholesaling and retailing of complementary medicines. The company's operating segment includes Wholesale; Multi-level marketing and Retail. The multi-level marketing segment operates multi-level direct selling of health food, healthcare products, and wellness and beauty products. The Wholesale segment includes wholesaling and trading in herbal medicines and healthcare products, herbs and tea. Retails segments operate retail chain stores. Geographically, it operates only in Malaysia.

Beshom Holdings Bhd (XKLS:7668) Headlines

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