Alcom Group Bhd (XKLS:2674) Momentum Rank : 5 (As of May. 27, 2024)

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What is Alcom Group Bhd Momentum Rank?

Alcom Group 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 Alcom Group Bhd's Momentum Rank

For the Aluminum subindustry, Alcom Group 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.

Alcom Group Bhd's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alcom Group Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alcom Group Bhd's Momentum Rank falls into.

Alcom Group Bhd Momentum Rank Related Terms

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Alcom Group Bhd (XKLS:2674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcom Group Bhd (XKLS:2674) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 3, Persiaran Waja, Bukit Raja Industrial Estate, Klang, MYS, 41050

Website

https://www.alcom.com.my

Alcom Group Bhd along with its subsidiaries, the company has four operating segments: Manufacturing; Property development; Construction; and Investment holding. It derives a majority of revenue from the Manufacturing segment which involves the manufacturing and trading of aluminum products such as Specialty products, Roofing products, and Foil products. Geographically, the group has a business presence in Malaysia, Thailand, India, the Middle East and other countries, of which key revenue is generated from Malaysia.

Alcom Group Bhd (XKLS:2674) Headlines

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