Lii Hen Industries Bhd (XKLS:7089) Momentum Rank : 9 (As of Jun. 03, 2024)

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What is Lii Hen Industries Bhd Momentum Rank?

Lii Hen Industries Bhd has the Momentum Rank of 9.

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 Lii Hen Industries Bhd's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Lii Hen Industries 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.

Lii Hen Industries Bhd's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Lii Hen Industries Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lii Hen Industries Bhd's Momentum Rank falls into.

Lii Hen Industries Bhd Momentum Rank Related Terms

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Lii Hen Industries Bhd (XKLS:7089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lii Hen Industries Bhd (XKLS:7089) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raja, Mukim of Sungai Raya, Plot 43, Kawasan Perindustrian Bukit Pasir, Bukit Pasir, Muar, JHR, MYS, 84300

Website

https://www.liihenfurniture.com

Lii Hen Industries Bhd is engaged in the manufacturing and sale of furniture. The company's segments include Furniture manufacturing, Plantation, and Others. It generates maximum revenue from the Furniture manufacturing segment. Geographically, it derives a majority of its revenue from North America and also has a presence in Asia, Oceania, Africa, and Europe. Its products include Furniture, furniture components, and processed woodwork.

Lii Hen Industries Bhd (XKLS:7089) Headlines

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