Bank Islam Malaysia Bhd (XKLS:5258) Momentum Rank : 9 (As of May. 27, 2024)

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What is Bank Islam Malaysia Bhd Momentum Rank?

Bank Islam Malaysia Bhd has the Momentum Rank of 9.

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 Bank Islam Malaysia Bhd's Momentum Rank

For the Banks - Regional subindustry, Bank Islam Malaysia 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.

Bank Islam Malaysia Bhd's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Islam Malaysia Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bank Islam Malaysia Bhd's Momentum Rank falls into.

Bank Islam Malaysia Bhd Momentum Rank Related Terms

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Bank Islam Malaysia Bhd (XKLS:5258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Islam Malaysia Bhd (XKLS:5258) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Jalan Perak, 32nd Floor, Menara Bank Islam, Kuala Lumpur, MYS, 50450

Website

https://www.bankislam.com

Bank Islam Malaysia Bhd is a Malaysia-based Islamic holding company that is principally engaged in providing financial products and services. The company is involved in Islamic business activities mainly through its investment in Shariah-compliant business entities. The company holds a 100% stake in Bank Islam Malaysia Berhad, which is the first Shariah-based bank in Malaysia and Southeast Asia. The company also has interests in venture capital, unit trusts, stock broking, offshore banking, and others.

Bank Islam Malaysia Bhd (XKLS:5258) Headlines

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