Bangkok Expressway (BKK:BECL-R) Momentum Rank : 0 (As of May. 22, 2024)

View and export this data going back to . Start your Free Trial

What is Bangkok Expressway Momentum Rank?

Bangkok Expressway 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.

Bangkok Expressway Momentum Rank Related Terms

Thank you for viewing the detailed overview of Bangkok Expressway's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Bangkok Expressway (BKK:BECL-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bangkok Expressway PLC (BKK:BECL-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.becl.co.th

Bangkok Expressway Public Company Limited engages in the design, construction, management, and operation of expressways in Thailand. The Company is engaged in the construction and management of Si Rat Expressway (Second Stage Expressway Project) and other extensions, including related businesses under the Second Stage Expressway agreement with the Expressway Authority of Thailand (EXAT); and the Udon Ratthaya Expressway under the Bang Pa-in-Pak Kret Expressway agreement entered into between EXAT and the Company.

Bangkok Expressway (BKK:BECL-R) Headlines

No Headlines