Yoong Onn Bhd (XKLS:5159) Momentum Rank : 9 (As of Apr. 26, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Yoong Onn Bhd Momentum Rank?

Yoong Onn 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 Yoong Onn Bhd's Momentum Rank

For the Textile Manufacturing subindustry, Yoong Onn 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.

Yoong Onn Bhd's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yoong Onn Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yoong Onn Bhd's Momentum Rank falls into.

Yoong Onn Bhd Momentum Rank Related Terms

Thank you for viewing the detailed overview of Yoong Onn Bhd's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Yoong Onn Bhd (XKLS:5159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yoong Onn Corp Bhd (XKLS:5159) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Jalan Permata 2, Lot No. PT 16690-16692, Arab-Malaysian Industrial Park, Nilai, NSN, MYS, 71800

Website

https://www.yoongonn.com

Yoong Onn Corp Bhd is an integrated designer, manufacturer, distributor, and retailer of home linen and bedding accessories. It also supplies bedding and bath linen and accessories to hospitality-based institutions, including military accommodations, cruise ships, hospitals, and royal customs. The company is organized into three principal operating divisions, Manufacturing; Distribution and Trading; and Retailing. Its primary geographic markets are Malaysia, Singapore, Vietnam, and others. Malaysia contributes to the vast majority of total revenue. The company generates maximum revenue from the Distribution and Trading segment.

Yoong Onn Bhd (XKLS:5159) Headlines

No Headlines