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Saudee Group Bhd (XKLS:5157) Momentum Rank : 0 (As of May. 11, 2024)


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What is Saudee Group Bhd Momentum Rank?

Saudee Group 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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Saudee Group Bhd (XKLS:5157) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saudee Group Bhd (XKLS:5157) » Definitions » Momentum Rank
Comparable Companies
XKLS:9776 XKLS:8478 XKLS:7439 XKLS:0280 XKLS:5533 XKLS:9946 XKLS:5187 XKLS:0179 XKLS:0148 XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA
Traded in Other Exchanges
N/A
Address
Taman Perindustrian Sungai Petani Phase III, Plot 331, Sungai Petani, KDH, MYS, 08000
Website
https://www.saudee.com
Saudee Group Bhd is an investment holding company, which is engaged in the production, distribution, and marketing of fresh and frozen foods, processed poultry, beef products, and bakery products. Geographically, it derives a majority of its revenue from Malaysia. Its product portfolio includes Saudee Gold; Nuggets; Fried Chicken; Sausages; Balls; Burgers and Farm's Gold.

Saudee Group Bhd (XKLS:5157) Headlines

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