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Rex Industry Bhd (XKLS:9946) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Rex Industry Bhd Momentum Rank?

Rex Industry Bhd has the Momentum Rank of 0.

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.

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Rex Industry Bhd (XKLS:9946) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rex Industry Bhd (XKLS:9946) » Definitions » Momentum Rank
Comparable Companies
XKLS:5533 XKLS:0280 XKLS:5187 XKLS:7439 XKLS:0179 XKLS:9776 XKLS:5157 XKLS:8478 XKLS:0148 XKLS:0201 XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
Plot 126, Jalan Perindustrian, Bukit Minyak 5, Seberang Perai Tengah, Simpang Ampat, PNG, MYS, 14100
Website
http://www.rexmalaysia.com
Rex Industry Bhd is the manufacturer and distributor of canned food, beverage and confectionary products. It is engaged in the production of halal canned products, frozen food, and beverages in Malaysia. The company and its subsidiaries are also involved in the manufacturing of biscuits, trading of canned food, drinks, and shelf-stable convenience food. It also exports canned processed seafood. The company operates in four principal geographical areas which include Malaysia, the United States of America, Europe, and Asia.

Rex Industry Bhd (XKLS:9946) Headlines

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