Kossan Rubber Industries Bhd (XKLS:7153) Momentum Rank : 3 (As of May. 06, 2024)

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What is Kossan Rubber Industries Bhd Momentum Rank?

Kossan Rubber Industries Bhd has the Momentum Rank of 3.

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 Kossan Rubber Industries Bhd's Momentum Rank

For the Medical Instruments & Supplies subindustry, Kossan Rubber 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.

Kossan Rubber Industries Bhd's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kossan Rubber Industries Bhd's Momentum Rank distribution charts can be found below:

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

Kossan Rubber Industries Bhd Momentum Rank Related Terms

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Kossan Rubber Industries Bhd (XKLS:7153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kossan Rubber Industries Bhd (XKLS:7153) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 782, Jalan Sungai Putus, Wisma Kossan, Off Batu 3 ¾ Jalan Kapar, Klang, SGR, MYS, 42100

Website

https://www.kossan.com.my

Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated through exports outside of Malaysia.

Kossan Rubber Industries Bhd (XKLS:7153) Headlines

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