Tien Len Steel JSC (STC:TLH) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Tien Len Steel JSC Momentum Rank?

Tien Len Steel JSC has the Momentum Rank of 0.

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.

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Tien Len Steel JSC (STC:TLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tien Len Steel Corp JSC (STC:TLH) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. G4A, Quarter 4, Tan Hiep Ward, Bien Hoa City, Dong Nai, VNM

Website

http://www.tienlengroup.com.vn

Tien Len Steel Corp JSC is engaged in manufacturing and marketing of hot rolled shape steel and various construction steel products in Vietnam and internationally. Its product portfolio includes roll steel, steel piles, steel plates, construction steel, steel box, steel corner, beaver and LA steel.