Atlan Holdings Bhd (XKLS:7048) Momentum Rank : 2 (As of May. 24, 2024)

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What is Atlan Holdings Bhd Momentum Rank?

Atlan Holdings 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 Atlan Holdings Bhd's Momentum Rank

For the Discount Stores subindustry, Atlan Holdings 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.

Atlan Holdings Bhd's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Atlan Holdings Bhd's Momentum Rank distribution charts can be found below:

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

Atlan Holdings Bhd Momentum Rank Related Terms

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Atlan Holdings Bhd (XKLS:7048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Atlan Holdings Bhd (XKLS:7048) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

161B, Jalan Ampang, 17th Floor, Menara Atlan, Kaula Lumpur, SGR, MYS, 50450

Website

https://www.atlan.com.my

Atlan Holdings Bhd is an investment holding company. The company's operating segment includes Investment holding; Property and hospitality; Trading of duty-free goods, dutiable and non-dutiable merchandise, Automotive, and others. It generates maximum revenue from the Trading of duty-free goods, dutiable and non-dutiable merchandise segments. In the trading of duty-free and non-dutiable merchandise segment, the group's activity is retailing duty-free and non-dutiable merchandise under the brand name Zon, which is a multi-channel duty-free and duty-paid retailing brand. The group manufactures and supplies automotive component parts such as metal fuel tanks, tubing, screw jack, and other related components in the auto-components manufacturing segment.

Atlan Holdings Bhd (XKLS:7048) Headlines

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