Bangkok Insurance PCL (BKK:BKI-R) Momentum Rank : 3 (As of May. 17, 2024)

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What is Bangkok Insurance PCL Momentum Rank?

Bangkok Insurance PCL has the Momentum Rank of 3.

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 Bangkok Insurance PCL's Momentum Rank

For the Insurance - Property & Casualty subindustry, Bangkok Insurance 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.

Bangkok Insurance PCL's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Bangkok Insurance PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bangkok Insurance PCL's Momentum Rank falls into.

Bangkok Insurance PCL Momentum Rank Related Terms

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Bangkok Insurance PCL (BKK:BKI-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Bangkok Insurance PCL (BKK:BKI-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BKI:Thailand

Address

South Sathon Road, No. 25 Bangkok Insurance Building, Tung Ma Ha Mek, Sathon, Bangkok, THA, 10120

Website

https://www.bangkokinsurance.com

Bangkok Insurance PCL is principally engaged in the provision of non-life insurance. The company's operating business consists of Fire, Marine and transportation, Motor, and Miscellaneous segments. The company operates only in Thailand.

Bangkok Insurance PCL (BKK:BKI-R) Headlines

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