AHB Holdings Bhd (XKLS:7315) Momentum Rank : 5 (As of May. 27, 2024)

View and export this data going back to 1996. Start your Free Trial

What is AHB Holdings Bhd Momentum Rank?

AHB Holdings Bhd has the Momentum Rank of 5.

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 AHB Holdings Bhd's Momentum Rank

For the Business Equipment & Supplies subindustry, AHB 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.

AHB Holdings Bhd's Momentum Rank Distribution in the Industrial Products Industry

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

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

AHB Holdings Bhd Momentum Rank Related Terms

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

AHB Holdings Bhd (XKLS:7315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AHB Holdings Bhd (XKLS:7315) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan P. Ramlee, Office 22F, 22nd Floor, UBN Tower 10, Kuala Lumpur, SGR, MYS, 50250

Website

https://www.ahb.com.my

AHB Holdings Bhd is an investment holding company. It is engaged in the trading of office furniture, office interior products, and specialized computer furniture. Its primary geographic markets are South-Eastern Asia, Middle East, and South-Central Asia. Geographically, South-Eastern Asia contributes the vast majority of total revenue.

AHB Holdings Bhd (XKLS:7315) Headlines

No Headlines