Elsoft Research Bhd (XKLS:0090) Momentum Rank : 7 (As of May. 27, 2024)

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What is Elsoft Research Bhd Momentum Rank?

Elsoft Research Bhd has the Momentum Rank of 7.

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 Elsoft Research Bhd's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Elsoft Research 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.

Elsoft Research Bhd's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Elsoft Research Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elsoft Research Bhd's Momentum Rank falls into.

Elsoft Research Bhd Momentum Rank Related Terms

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Elsoft Research Bhd (XKLS:0090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Elsoft Research Bhd (XKLS:0090) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 85 B, Lintang Bayan Lepas 9, Bayan Lepas Industrial Park, Phase 4, Bayan Lepas, PNG, MYS, 11900

Website

https://www.elsoftresearch.com

Elsoft Research Bhd is principally involved in the research, design, and development of test and burn-in systems and application-specific embedded systems. The company provides products for the semiconductor, optoelectronic, and automation industries. Geographically the company exports its products to China, Taiwan, and other regions. The company's key products consist of test and burn-in systems. Majorly the company's products are used in image sensors and automotive lighting.

Elsoft Research Bhd (XKLS:0090) Headlines

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