KPS Consortium Bhd (XKLS:9121) Momentum Rank : 4 (As of Jun. 23, 2024)

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What is KPS Consortium Bhd Momentum Rank?

KPS Consortium 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 KPS Consortium Bhd's Momentum Rank

For the Building Products & Equipment subindustry, KPS Consortium 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.

KPS Consortium Bhd's Momentum Rank Distribution in the Construction Industry

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

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

KPS Consortium Bhd Momentum Rank Related Terms

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KPS Consortium Bhd (XKLS:9121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » KPS Consortium Bhd (XKLS:9121) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 622, Jalan Lapis Dua, Kampung Sementa, Batu 6, Jalan Kapar, Klang, SGR, MYS, 42200

Website

http://www.kpsconsortium.com.my

KPS Consortium Bhd is a Malaysia based investment holding company. It has five business segments. Paper milling segment includes the manufacture of various types of tissue paper and related products. Paper converting segment includes converting of paper into related products and trading in paper related products. Building materials segment, which is the key revenue driver, involves distribution and retail of wooden doors, plywood, building materials, plywood, printed laminated plywood, cement, and steel bars. Investment and management segment provides management services, investment holding, and dormant companies. The other trading segment involves trading of paper, paper products, stationery, general household products, and other unclassified companies of diverse activities.

KPS Consortium Bhd (XKLS:9121) Headlines

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