SBC Bhd (XKLS:5207) Momentum Rank : 3 (As of Jun. 08, 2024)

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What is SBC Bhd Momentum Rank?

SBC 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 SBC Bhd's Momentum Rank

For the Real Estate - Development subindustry, SBC 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.

SBC Bhd's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SBC Bhd's Momentum Rank distribution charts can be found below:

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

SBC Bhd Momentum Rank Related Terms

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SBC Bhd (XKLS:5207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SBC Corp Bhd (XKLS:5207) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

C-01, Concourse Level, PJX-HM Shah Tower, No. 16A, Persiaran Barat, Petaling Jaya, SGR, MYS, 46050

Website

http://www.sbcgroup.com.my

SBC Corp Bhd is an investment holding company, which engages in the construction and development of properties, and the provision of management and administrative services to its subsidiaries. It operates through the following segments: Construction, Property Development, and Investment. The Construction segment deals with earthworks and building contracts. The Property Development segment which contributes majorly to the firm's revenue focuses on the development of commercial and residential properties. The Investment segment involves investment activities and the provision of management and administrative services. The firm operates predominantly in Malaysia.

SBC Bhd (XKLS:5207) Headlines

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