GE-Shen Bhd (XKLS:7197) Momentum Rank : 3 (As of May. 27, 2024)

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What is GE-Shen Bhd Momentum Rank?

GE-Shen 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 GE-Shen Bhd's Momentum Rank

For the Metal Fabrication subindustry, GE-Shen 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.

GE-Shen Bhd's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GE-Shen Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where GE-Shen Bhd's Momentum Rank falls into.

GE-Shen Bhd Momentum Rank Related Terms

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GE-Shen Bhd (XKLS:7197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GE-Shen Corp Bhd (XKLS:7197) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Syed Putra Utara, Level 13, Menara MBMR, Unit No. 13-05 & 13-07, Kuala Lumpur, SGR, MYS, 58000

Website

https://www.gscorp.com.my

GE-Shen Corp Bhd is engaged in the business of investment holding and the provision of management services. The company is organized into two main geographical segments: Malaysia and Singapore, which consists of the manufacture of plastic moulded products, components, tools and die, and fabricated metal products, and Vietnam, which consists of the manufacture of plastic moulded products and components. It serves various sectors including automotive, healthcare, medical devices, diagnostics, infrastructure and industrial consumer electronics, and others.

GE-Shen Bhd (XKLS:7197) Headlines

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