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OCR Group Bhd (XKLS:7071) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is OCR Group Bhd Momentum Rank?

OCR Group Bhd has the Momentum Rank of 0.

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.

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OCR Group Bhd (XKLS:7071) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » OCR Group Bhd (XKLS:7071) » Definitions » Momentum Rank
Comparable Companies
XKLS:7070 XKLS:2259 XKLS:1147 XKLS:5049 XKLS:7120 XKLS:5207 XKLS:8923 XKLS:6815 XKLS:7066 XKLS:7079 HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
A-3A-01, Block Allamanda, 10 Boulevard Lebuhraya Sprint, Petaling Jaya, SGR, MYS, 47400
Website
https://www.ocrbhd.com
OCR Group Bhd operates in three segments namely Construction, Property Development, and Others. It is engaged in the construction of residential and commercial properties. The group operates mainly in Malaysia. The majority of the firm's revenue is generated from the property development segment.

OCR Group Bhd (XKLS:7071) Headlines

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