Far East Holdings Bhd (XKLS:5029) Momentum Rank : 1 (As of May. 26, 2024)

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What is Far East Holdings Bhd Momentum Rank?

Far East Holdings Bhd has the Momentum Rank of 1.

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 Far East Holdings Bhd's Momentum Rank

For the Farm Products subindustry, Far East Holdings 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.

Far East Holdings Bhd's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Far East Holdings Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Far East Holdings Bhd's Momentum Rank falls into.

Far East Holdings Bhd Momentum Rank Related Terms

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Far East Holdings Bhd (XKLS:5029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Far East Holdings Bhd (XKLS:5029) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Putra Square 6, Level 23, Menara Zenith, Kuantan, PHG, MYS, 25200

Website

https://www.fehb.com.my

Far East Holdings Bhd is an investment holding company engaged in the principal activities of cultivation of oil palms, and production and sales of fresh fruit bunches, crude palm oil, and palm kernel. Through its subsidiaries, the company operates in oil palm plantations and palm oil mill activities. The company's activities are carried out in Malaysia, and it generates the majority of the revenue from sales of crude palm oil and palm kernel.

Far East Holdings Bhd (XKLS:5029) Headlines

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