Sarawak Cable Bhd (XKLS:5170) Momentum Rank : 1 (As of May. 30, 2024)

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What is Sarawak Cable Bhd Momentum Rank?

Sarawak Cable 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 Sarawak Cable Bhd's Momentum Rank

For the Electrical Equipment & Parts subindustry, Sarawak Cable 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.

Sarawak Cable Bhd's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sarawak Cable Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sarawak Cable Bhd's Momentum Rank falls into.

Sarawak Cable Bhd Momentum Rank Related Terms

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Sarawak Cable Bhd (XKLS:5170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sarawak Cable Bhd (XKLS:5170) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 767, Block 8, Jalan Bako, Muara Tebas Land District, Demak Laut Industrial Estate Phase III, Kuching, SWK, MYS, 93050

Website

https://www.sarawakcable.com

Sarawak Cable Bhd is a Malaysian based company. Together with its subsidiaries, the company manufactures cables and wires. It operates in four segments The Sale of power cables and conductors segment supplies power cables and conductors components, Sale of galvanized steel products, and steel structures segment supplies galvanized steel products and steel structures and galvanizing services. The transmission lines construction segment involves supply, installation, and commissioning of transmission line projects. And the corporate segment is involved in Group-level corporate and management services. The Sale of power cables and conductors segment is the key revenue generator for the group.

Sarawak Cable Bhd (XKLS:5170) Headlines

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