LFE Bhd (XKLS:7170) Momentum Rank : 8 (As of Jun. 06, 2024)

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What is LFE Bhd Momentum Rank?

LFE Bhd has the Momentum Rank of 8.

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 LFE Bhd's Momentum Rank

For the Engineering & Construction subindustry, LFE 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.

LFE Bhd's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, LFE Bhd's Momentum Rank distribution charts can be found below:

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

LFE Bhd Momentum Rank Related Terms

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LFE Bhd (XKLS:7170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » LFE Corp Bhd (XKLS:7170) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

98, Jalan Dang Wangi, Suite 11.01, 11th Floor, Campbell Complex, Kuala Lumpur, MYS, 50100

Website

https://www.lfe.com.my

LFE Corp Bhd is Malaysia based company. The operating segment of the company are Construction, Mechanical and Electrical, Property development, and Investment. Geographically, the group operates in Malaysia and UAE. It earns the majority of its revenue from the construction, mechanical and electrical segment.

LFE Bhd (XKLS:7170) Headlines

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