CAB Cakaran Bhd (XKLS:7174) Momentum Rank : 6 (As of May. 31, 2024)

View and export this data going back to 2003. Start your Free Trial

What is CAB Cakaran Bhd Momentum Rank?

CAB Cakaran 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 CAB Cakaran Bhd's Momentum Rank

For the Farm Products subindustry, CAB Cakaran 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.

CAB Cakaran Bhd's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CAB Cakaran Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CAB Cakaran Bhd's Momentum Rank falls into.

CAB Cakaran Bhd Momentum Rank Related Terms

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

CAB Cakaran Bhd (XKLS:7174) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CAB Cakaran Corp Bhd (XKLS:7174) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 21, Lorong Jelawat 4, Seberang Jaya Industrial Park, Seberang Jaya, Perai, PNG, MYS, 13700

Website

https://www.cab.com.my

CAB Cakaran Corp Bhd is an integrated poultry producer. It operates in the following business segments: Investment holding; Integrated poultry, which accounts for the vast majority of revenue Fast food business; Supermarket, and Drone service. Its Integrated poultry segment includes breeding of broilers, black chickens, and colour birds; processing and marketing of chicken; trading of poultry feeds and other farm consumables; processing, exporting, wholesaling, distributing, and marketing of value-added products, chicken products, and other food products and trading. Its geographical segments are Malaysia and Republic of Singapore, of which the majority of revenue comes from Malaysia.

CAB Cakaran Bhd (XKLS:7174) Headlines

No Headlines