Thaire Life Assurance PCL (BKK:THREL) Momentum Rank : 4 (As of Jun. 14, 2024)

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What is Thaire Life Assurance PCL Momentum Rank?

Thaire Life Assurance PCL has the Momentum Rank of 4.

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 Thaire Life Assurance PCL's Momentum Rank

For the Insurance - Reinsurance subindustry, Thaire Life Assurance 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.

Thaire Life Assurance PCL's Momentum Rank Distribution in the Insurance Industry

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

* The bar in red indicates where Thaire Life Assurance PCL's Momentum Rank falls into.

Thaire Life Assurance PCL Momentum Rank Related Terms

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Thaire Life Assurance PCL (BKK:THREL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thaire Life Assurance PCL (BKK:THREL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ratchadapisek Road, No. 48/15 Soi Ratchadapisek 20, Samsennok Sub-district, Huaykwang District, Bangkok, THA, 10310

Website

https://www.thairelife.co.th

Thaire Life Assurance PCL is a local reinsurer in Thailand. The company is engaged in the provision of life reinsurance such as ordinary life, group life, credit life and personal accident and health. It operates through the Conventional and Non-Conventional product segments. The conventional product line includes products that are already available in the market. The non-conventional products refer to new types of products, which are introduced by the group in cooperation with other life insurance companies. Geographically the activities are functioned through Thailand.

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