Inari Amertron Bhd (XKLS:0166) Momentum Rank : 9 (As of May. 21, 2024)

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What is Inari Amertron Bhd Momentum Rank?

Inari Amertron Bhd has the Momentum Rank of 9.

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 Inari Amertron Bhd's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Inari Amertron 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.

Inari Amertron Bhd's Momentum Rank Distribution in the Semiconductors Industry

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

* The bar in red indicates where Inari Amertron Bhd's Momentum Rank falls into.

Inari Amertron Bhd Momentum Rank Related Terms

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Inari Amertron Bhd (XKLS:0166) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Inari Amertron Bhd (XKLS:0166) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-07-03, Plaza Kelana Jaya Jalan SS 7/13A, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301

Website

https://www.inari-amertron.com

Inari Amertron Bhd is a Malaysia-based investment holding company that is principally engaged in the outsourced semiconductor assembly and test services and electronics manufacturing services industries through a number of subsidiaries. The company's business segments include an electronic manufacturing services segment, an original design manufacturer of electronic test and measurement equipment segment, and an investment holding segment. The electronic manufacturing services segment contributes the majority of total revenue. The company has a business presence in Malaysia, Singapore, China, Philippines, Taiwan, and elsewhere, with Singapore accounting for substantial part of its total revenue.

Inari Amertron Bhd (XKLS:0166) Headlines

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