Petronas Dagangan Bhd (XKLS:5681) Momentum Rank : 5 (As of May. 11, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Petronas Dagangan Bhd Momentum Rank?

Petronas Dagangan Bhd has the Momentum Rank of 5.

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 Petronas Dagangan Bhd's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, Petronas Dagangan 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.

Petronas Dagangan Bhd's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petronas Dagangan Bhd's Momentum Rank distribution charts can be found below:

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

Petronas Dagangan Bhd Momentum Rank Related Terms

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

Petronas Dagangan Bhd (XKLS:5681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petronas Dagangan Bhd (XKLS:5681) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088

Website

https://www.mymesra.com.my

Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company's other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.

Petronas Dagangan Bhd (XKLS:5681) Headlines

No Headlines