KYM Holdings Bhd (XKLS:8362) Momentum Rank : 1 (As of May. 03, 2024)

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What is KYM Holdings Bhd Momentum Rank?

KYM Holdings 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 KYM Holdings Bhd's Momentum Rank

For the Packaging & Containers subindustry, KYM 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.

KYM Holdings Bhd's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, KYM Holdings Bhd's Momentum Rank distribution charts can be found below:

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

KYM Holdings Bhd Momentum Rank Related Terms

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KYM Holdings Bhd (XKLS:8362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » KYM Holdings Bhd (XKLS:8362) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 17, KYM Tower, No. 8, Jalan PJU 7/6, Mutiara Damansara, Petaling Jaya, SGR, MYS, 47800

Website

https://www.kym.com.my

KYM Holdings Bhd is engaged in the manufacturing and marketing of industrial paper bags and paper egg trays. The group has three reportable segments: The Manufacturing segment manufactures and sells multi-wall industrial paper bags and corrugated fiberboards and boxes. The Investment holding segment is engaged in investment in unquoted shares, which are held for capital gains. The Property segment includes the properties leased out for rental income or held for long-term capital appreciation. Majority of the firm revenue comes from Manufacturing segment.

KYM Holdings Bhd (XKLS:8362) Headlines

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