Farlim Group Malaysia Bhd (XKLS:6041) Momentum Rank : 2 (As of Jun. 06, 2024)

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What is Farlim Group Malaysia Bhd Momentum Rank?

Farlim Group Malaysia Bhd has the Momentum Rank of 2.

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 Farlim Group Malaysia Bhd's Momentum Rank

For the Real Estate - Diversified subindustry, Farlim Group 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.

Farlim Group Malaysia Bhd's Momentum Rank Distribution in the Real Estate Industry

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

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

Farlim Group Malaysia Bhd Momentum Rank Related Terms

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Farlim Group Malaysia Bhd (XKLS:6041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Farlim Group Malaysia Bhd (XKLS:6041) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Lintang Angsana, Bandar Baru Ayer Itam, George Town, PNG, MYS, 11500

Website

https://www.farlim.com.my

Farlim Group Malaysia Bhd is principally involved in property development, investment holding, marketing and distribution of building materials. It is engaged in the development of residential and commercial properties. The company operates through the segments of; Property segment which comprises property-related activities; Trading segment which comprises mainly trading of building materials; and Investment and others segment which comprises mainly of investment holding activity and other inactive companies. Its properties include public amenities, such as a hypermarket, banks, pharmacies, clinics, restaurants, post office, petrol kiosk, kindergartens, police stations, and many others. It derives maximum revenue from the Property segment.

Farlim Group Malaysia Bhd (XKLS:6041) Headlines

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