Suria Capital Holdings Bhd (XKLS:6521) Momentum Rank : 6 (As of Jun. 05, 2024)

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What is Suria Capital Holdings Bhd Momentum Rank?

Suria Capital Holdings Bhd has the Momentum Rank of 6.

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 Suria Capital Holdings Bhd's Momentum Rank

For the Marine Shipping subindustry, Suria Capital 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.

Suria Capital Holdings Bhd's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Suria Capital Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Suria Capital Holdings Bhd Momentum Rank Related Terms

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Suria Capital Holdings Bhd (XKLS:6521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Suria Capital Holdings Bhd (XKLS:6521) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Off Jalan Tun Fuad Stephen, Unit 3-03 – 3-31, Level 3, JQ Central Coastal Highway, Kota Kinabalu, SBH, MYS, 88400

Website

https://www.suriagroup.com.my

Suria Capital Holdings Bhd is an investment holding company. The company, through its subsidiaries, is engaged in the provision and maintenance of port services and facilities, the regulation and control of the management of ports; provision of project management and technical support services; distribution of port cargo handling equipment and related spare parts, and provision of equipment maintenance services. Its segments include Investment holding; Property development; Port operation; Logistics and bunkering; Contract and engineering, and ferry terminal operations.

Suria Capital Holdings Bhd (XKLS:6521) Headlines

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