Muda Holdings Bhd (XKLS:3883) Momentum Rank : 5 (As of Jun. 01, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Muda Holdings Bhd Momentum Rank?

Muda Holdings Bhd has the Momentum Rank of 5.

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 Muda Holdings Bhd's Momentum Rank

For the Paper & Paper Products subindustry, Muda 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.

Muda Holdings Bhd's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Muda Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Muda Holdings Bhd Momentum Rank Related Terms

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

Muda Holdings Bhd (XKLS:3883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Muda Holdings Bhd (XKLS:3883) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 7, Jalan 51A/241, Petaling Jaya, SGR, MYS, 46100

Website

https://www.muda.com.my

Muda Holdings Bhd is a Malaysia-based company, that operates in the paper and paper packaging industry. The business activity of the firm functions through the Manufacturing and Trading segments. The Manufacturing segment is engaged in manufacturing various types of industrial paper, corrugated cartons, paper bags, paper stationery, and paper-based food packaging products. The Trading segment is engaged in the trading of paper, recovered paper, and stationery products. Geographically the firm has its business presence across the region of Malaysia, the Republic of Singapore, the People's Republic of China, and Australia.

Muda Holdings Bhd (XKLS:3883) Headlines

No Headlines