Apex Equity Holdings Bhd (XKLS:5088) Momentum Rank : 2 (As of Jun. 03, 2024)

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What is Apex Equity Holdings Bhd Momentum Rank?

Apex Equity Holdings 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 Apex Equity Holdings Bhd's Momentum Rank

For the Capital Markets subindustry, Apex Equity 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.

Apex Equity Holdings Bhd's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Apex Equity Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Apex Equity Holdings Bhd Momentum Rank Related Terms

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Apex Equity Holdings Bhd (XKLS:5088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Apex Equity Holdings Bhd (XKLS:5088) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Jalan Semenyih, Bukit Mewah, 6th Floor, Menara Apex, Kajang, SGR, MYS, 43000

Website

https://www.apexequity.com.my

Apex Equity Holdings Bhd is an investment holding company. The company, along with its subsidiaries, is engaged in the business of investment holding and trading in marketable securities. The Group is organised into four main business segments. Investment holdings and others, Stock and futures broking segment, Property holdings and property development and Money lending. The group generates a majority of its revenue from the Stock and futures broking segment. The company operates geographically in Malaysia.

Apex Equity Holdings Bhd (XKLS:5088) Headlines

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