Asia Plus Group Holdings PCL (BKK:ASP-F) Momentum Rank : 1 (As of May. 17, 2024)

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What is Asia Plus Group Holdings PCL Momentum Rank?

Asia Plus Group Holdings PCL has the Momentum Rank of 1.

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 Asia Plus Group Holdings PCL's Momentum Rank

For the Capital Markets subindustry, Asia Plus Group Holdings 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.

Asia Plus Group Holdings PCL's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Asia Plus Group Holdings PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asia Plus Group Holdings PCL's Momentum Rank falls into.

Asia Plus Group Holdings PCL Momentum Rank Related Terms

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Asia Plus Group Holdings PCL (BKK:ASP-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asia Plus Group Holdings PCL (BKK:ASP-F) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ASP:Thailand

Address

South Sathorn Road, No. 175, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.asiaplusgroup.co.th

Asia Plus Group Holdings PCL is a Thailand based company engaged in the securities business. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund management, Investment trading and others.

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