Eco World Development Group Bhd (XKLS:8206) Momentum Rank : 9 (As of Dec. 14, 2024)

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What is Eco World Development Group Bhd Momentum Rank?

Eco World Development Group Bhd has the Momentum Rank of 9.

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 Eco World Development Group Bhd's Momentum Rank

For the Real Estate - Development subindustry, Eco World Development Group 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.

Eco World Development Group Bhd's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eco World Development Group Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eco World Development Group Bhd's Momentum Rank falls into.

Eco World Development Group Bhd Momentum Rank Related Terms

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Eco World Development Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eco World Development Group Bhd (XKLS:8206) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Menara The Stride, BBCC, 2, Jln Hang Tuah, Bukit Bintang, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.ecoworld.my

Eco World Development Group Bhd is a Malaysian property development company. The company has development projects including new townships, integrated commercial developments, luxury high-rise apartments, and green business parks. The company's projects are spread across three economic areas of Malaysia: Klang Valley, Iskandar Malaysia, and Penang. Some of the company's key projects are Eco Grandeur, Eco Ardence, Eco Business Park, Eco Meadows, Eco Horizon, Eco Sun and Eco Bloom. The company's business can be divided into revenue-generating areas including the sale of completed properties and other goods, the sale of properties under development, and construction contracts. The company derives a majority of its revenue from the sale of properties.

Eco World Development Group Bhd Headlines

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