Supalai PCL (BKK:SPALI) Momentum Rank : 9 (As of May. 15, 2024)

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What is Supalai PCL Momentum Rank?

Supalai PCL has the Momentum Rank of 9.

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 Supalai PCL's Momentum Rank

For the Real Estate - Development subindustry, Supalai 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.

Supalai PCL's Momentum Rank Distribution in the Real Estate Industry

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

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

Supalai PCL Momentum Rank Related Terms

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Supalai PCL (BKK:SPALI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Supalai PCL (BKK:SPALI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPALI-F:Thailand NYVL:Germany

Address

Rama 3 Road, 1011 Supalai Grand Tower, Chongnonsri, Yannawa, Bangkok, THA, 10120

Website

https://www.supalai.com

Supalai PCL is engaged in property development. The company and its subsidiaries own and operate housing projects including detached houses, duplex houses, townhouses, and condominiums in multiple areas throughout Bangkok and the surrounding provinces. Additionally, the company develops offices for rent in commercial districts. The company has subsidiaries that engage in real estate project management and the management of hotels and resorts. The operating segments of the company are real estate and hotel business and management.

Supalai PCL (BKK:SPALI) Headlines

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