CSC Steel Holdings Bhd (XKLS:5094) Momentum Rank : 8 (As of May. 11, 2024)

View and export this data going back to 2004. Start your Free Trial

What is CSC Steel Holdings Bhd Momentum Rank?

CSC Steel Holdings Bhd has the Momentum Rank of 8.

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 CSC Steel Holdings Bhd's Momentum Rank

For the Steel subindustry, CSC Steel 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.

CSC Steel Holdings Bhd's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, CSC Steel Holdings Bhd's Momentum Rank distribution charts can be found below:

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

CSC Steel Holdings Bhd Momentum Rank Related Terms

Thank you for viewing the detailed overview of CSC Steel Holdings Bhd's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

CSC Steel Holdings Bhd (XKLS:5094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSC Steel Holdings Bhd (XKLS:5094) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Kawasan Industri Ayer Keroh, Ayer Keroh, Melaka, MYS, 75450

Website

https://www.cscmalaysia.com

CSC Steel Holdings Bhd is an investment holding company. Its business segments include Cold rolled and coated steel products and Investment holding. A vast majority of the revenue is generated from the Cold rolled and coated steel products segment. Its products include hot-rolled pickled and oiled steel, cold-rolled steel, hot-dipped galvanized steel, pre-painted galvanized steel, and Medium & High Carbon Steel. The company's product brands include Realzinc and Realcolor. The revenue comes from Malaysia.

CSC Steel Holdings Bhd (XKLS:5094) Headlines

No Headlines