UEM Edgenta Bhd (XKLS:1368) Momentum Rank : 2 (As of Jun. 02, 2024)

View and export this data going back to 1964. Start your Free Trial

What is UEM Edgenta Bhd Momentum Rank?

UEM Edgenta Bhd has the Momentum Rank of 2.

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 UEM Edgenta Bhd's Momentum Rank

For the Engineering & Construction subindustry, UEM Edgenta 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.

UEM Edgenta Bhd's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, UEM Edgenta Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where UEM Edgenta Bhd's Momentum Rank falls into.

UEM Edgenta Bhd Momentum Rank Related Terms

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

UEM Edgenta Bhd (XKLS:1368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » UEM Edgenta Bhd (XKLS:1368) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue 7, No. 8, Jalan Kerinchi, Level 17, Menara UEM, Tower 1, The Horizon, Bangsar South City, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.uemedgenta.com

UEM Edgenta Bhd engages in the provision of management services. It operates in the following segments: Asset Management: Healthcare Support and Property & Facility Solutions (PFS); Infrastructure Solutions: Asset Consultancy and Infrastructure Services, and Others. The asset management segment provides integrated facilities management and engineering contracting services for a range of assets and building types specializing in healthcare support and property and facility solutions. The Infrastructure Solutions segment provides strategic advisory services, design, development, maintenance, and management of major transport projects and infrastructure assets. It has a global presence, with around half of revenue stemming from the Malaysian domestic market.

UEM Edgenta Bhd (XKLS:1368) Headlines

No Headlines