Asset Five Group PCL (BKK:A5-F) Momentum Rank : 8 (As of May. 23, 2024)

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What is Asset Five Group PCL Momentum Rank?

Asset Five Group PCL 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 Asset Five Group PCL's Momentum Rank

For the Real Estate - Development subindustry, Asset Five Group PCL'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.

Asset Five Group PCL's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Asset Five Group PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asset Five Group PCL's Momentum Rank falls into.

Asset Five Group PCL Momentum Rank Related Terms

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Asset Five Group PCL (BKK:A5-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Asset Five Group PCL (BKK:A5-F) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

A5:Thailand

Address

Vibhavadi-Rangsit Road, 349 SJ Infinite one business complex, 19th Floor, 1901 Unit, Chomphon, Chatuchak, Bangkok, THA, 10900

Website

https://www.assetfive.co.th

Asset Five Group PCL operates as a holding company. Together with its subsidiaries, the firm is engaged in real estate development. It generates revenue from the sales of houses and sales of condominiums, of which key revenue is derived from the sales of houses. The group's operations are located in Thailand.

Asset Five Group PCL (BKK:A5-F) Headlines

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