Excel Force MSC Bhd (XKLS:0065) Momentum Rank : 1 (As of May. 12, 2024)

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What is Excel Force MSC Bhd Momentum Rank?

Excel Force MSC Bhd has the Momentum Rank of 1.

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 Excel Force MSC Bhd's Momentum Rank

For the Software - Application subindustry, Excel Force MSC 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.

Excel Force MSC Bhd's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Excel Force MSC Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Excel Force MSC Bhd's Momentum Rank falls into.

Excel Force MSC Bhd Momentum Rank Related Terms

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Excel Force MSC Bhd (XKLS:0065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Excel Force MSC Bhd (XKLS:0065) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8, Jalan Damansara, PJU 8, Level 31, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.excelforce.com.my

Excel Force MSC Bhd is an information technology solution provider involved in the design, development, deployment, and maintenance of application and system solutions for the financial services industry, stockbroking, and investment banks. The company operates through three segments, Application Solutions, Maintenance Services, and Application Services Provider. The majority of the revenue is generated from the Application services provider division which generates revenue from outsourcing services charge which is volume and transaction-based. Its products include CyberBroker Front Office, CyberBroker Middle Office, CyberBroker Back Office, StockBanking System, and Fundamental Analysis System. The company operates in Malaysia, Singapore, and other countries.

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