Trc Construction PCL (BKK:TRC-R) Momentum Rank : 4 (As of May. 20, 2024)

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What is Trc Construction PCL Momentum Rank?

Trc Construction 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 Trc Construction PCL's Momentum Rank

For the Engineering & Construction subindustry, Trc Construction 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.

Trc Construction PCL's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trc Construction PCL's Momentum Rank distribution charts can be found below:

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

Trc Construction PCL Momentum Rank Related Terms

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Trc Construction PCL (BKK:TRC-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trc Construction PCL (BKK:TRC-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TRC:Thailand

Address

Number 8, Soi Sukhapiban 5 soi 32, Kwang Tha Raeng, Khet Bang Khen, Bangkok, THA, 10220

Website

https://www.trc-con.com

Trc Construction PCL is engaged in the construction business. It offers engineering design, procurement, construction, project management and maintenance services. Business activity of the group functions through various segments which include Pipeline System Construction segment, Civil Work Construction segment, Engineering System installation and factory construction for energy and petrochemical business segment, and Sales and Other Services. Its geographical reach includes Thailand and the Sultanate of Oman and it earns through Construction Services income, interest income, and other income.

Trc Construction PCL (BKK:TRC-R) Headlines

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