Berjaya Land Bhd (XKLS:4219) Momentum Rank : 3 (As of May. 28, 2024)

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What is Berjaya Land Bhd Momentum Rank?

Berjaya Land Bhd has the Momentum Rank of 3.

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 Berjaya Land Bhd's Momentum Rank

For the Conglomerates subindustry, Berjaya Land 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.

Berjaya Land Bhd's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Berjaya Land Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Berjaya Land Bhd's Momentum Rank falls into.

Berjaya Land Bhd Momentum Rank Related Terms

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Berjaya Land Bhd (XKLS:4219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Berjaya Land Bhd (XKLS:4219) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Jalan Imbi, Level 12 (East Wing), Berjaya Times Square, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.berjaya.com

Berjaya Land Bhd engages in investment holding and the provision of management services. Its core business segment includes Toto betting and related activities, property development and property investment, hotels and resorts, motor vehicle dealership, and clubs, recreation, and others. It is also engaged in building contractors and civil engineering works and related services, development, manufacturing, distribution of computerised wagering and voting systems and provision of software support. Among all of its segments, a substantial portion of the group's revenue comes from motor vehicle dealerships followed by toto betting activities in Malaysia and Outside Malaysia.

Berjaya Land Bhd (XKLS:4219) Headlines

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