Malaysia Building Society Bhd (XKLS:1171) Momentum Rank : 10 (As of May. 26, 2024)

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What is Malaysia Building Society Bhd Momentum Rank?

Malaysia Building Society Bhd has the Momentum Rank of 10.

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 Malaysia Building Society Bhd's Momentum Rank

For the Banks - Regional subindustry, Malaysia Building Society 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.

Malaysia Building Society Bhd's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Malaysia Building Society Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Malaysia Building Society Bhd's Momentum Rank falls into.

Malaysia Building Society Bhd Momentum Rank Related Terms

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Malaysia Building Society Bhd (XKLS:1171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Malaysia Building Society Bhd (XKLS:1171) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 25, Menara MBSB Bank, Lot 12, Persiaran Barat, Seksyen 52, PJ Sentral, Petaling Jaya, SGR, MYS, 46200

Website

https://www.mbsb.com.my

Malaysia Building Society Bhd is a Malaysia-based banking company. The company operates through four major segments: Consumer Banking, which includes consumer financing such as property financing, personal financing and wealth management services with individual customers in Malaysia; Corporate Banking segment includes corporate financing, wholesale financing, contract financing and commercial property financing with business customers; Global Market segment incldues saving accounts, current accounts, term deposits, investment accounts, treasury activities including money market, sukuk, derivatives and trading of capital market securities; and Others.

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