Southern Concrete Pile PCL (BKK:SCP-R) Momentum Rank : 1 (As of May. 25, 2024)

View and export this data going back to 1991. Start your Free Trial

What is Southern Concrete Pile PCL Momentum Rank?

Southern Concrete Pile 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 Southern Concrete Pile PCL's Momentum Rank

For the Building Materials subindustry, Southern Concrete Pile 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.

Southern Concrete Pile PCL's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Southern Concrete Pile PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Southern Concrete Pile PCL's Momentum Rank falls into.

Southern Concrete Pile PCL Momentum Rank Related Terms

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

Southern Concrete Pile PCL (BKK:SCP-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Southern Concrete Pile PCL (BKK:SCP-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SCP:Thailand

Address

Soi Sukhumvit 63 (Ekamai), 555, 17th Floor, SSP Tower Building, North Klongton, Wattana, Bangkok, THA, 10110

Website

http://www.scp.co.th

Southern Concrete Pile PCL is engaged in the manufacture and distribution of pre-stressed concrete products. It is involved in a single segment of a Prestressed Concrete product involving manufacturing, sales, services, and installation. The company produces and supplies pre-stressed concrete products including pre-stressed concrete piles, pre-stressed concrete spun piles, precast concrete slabs, pre-stressed plank girders and retaining pre-stressed concrete piles; electricity concrete products, such as pre-stressed concrete poles, pre-stressed concrete cross-arms, pre-stressed concrete stubs, ground anchors and pole foundations, and drainage concrete products. It primarily operates in Thailand.

Southern Concrete Pile PCL (BKK:SCP-R) Headlines

No Headlines