CCK Consolidated Holdings Bhd (XKLS:7035) Momentum Rank : 3 (As of Nov. 10, 2024)

View and export this data going back to 1997. Start your Free Trial

What is CCK Consolidated Holdings Bhd Momentum Rank?

CCK Consolidated Holdings Bhd has the Momentum Rank of 3.

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 CCK Consolidated Holdings Bhd's Momentum Rank

For the Farm Products subindustry, CCK Consolidated Holdings 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.

CCK Consolidated Holdings Bhd's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CCK Consolidated Holdings Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CCK Consolidated Holdings Bhd's Momentum Rank falls into.

CCK Consolidated Holdings Bhd Momentum Rank Related Terms

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

CCK Consolidated Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CCK Consolidated Holdings Bhd (XKLS:7035) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 999, Section 66, Jalan Keluli, Bintawa Industrial Estate, Kuching, SWK, MYS, 93450

Website

http://www.cck.com.my

CCK Consolidated Holdings Bhd through its subsidiaries is engaged in principal activities of retailing and poultry farming. It is also engaged in the rearing and production of poultry products, prawn and seafood products, and the supply and trade of food products and related services. The group is organized into five main reportable segments: Poultry; Prawn, Food Service, Retail, and Corporate. Poultry Segment is involved in the rearing and production of poultry products. Prawn Segment is involved in the rearing and production of prawn and seafood products. The food Service Segment includes the supply and trading of food products and related services. The retail segment includes the trading of cold storage products, and Corporate Segment includes the provision of management services.

CCK Consolidated Holdings Bhd Headlines

No Headlines