A J Plast PCL (BKK:AJ-R) Momentum Rank : 1 (As of May. 04, 2024)

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What is A J Plast PCL Momentum Rank?

A J Plast 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 A J Plast PCL's Momentum Rank

For the Packaging & Containers subindustry, A J Plast 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.

A J Plast PCL's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, A J Plast PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where A J Plast PCL's Momentum Rank falls into.

A J Plast PCL Momentum Rank Related Terms

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A J Plast PCL (BKK:AJ-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » A J Plast PCL (BKK:AJ-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AJ:Thailand

Address

95, Thakarm Road, Kwaeng Samaedam, Khet Bangkhuntien, Bangkok, THA, 10150

Website

https://www.ajplast.co.th

A J Plast PCL is a company engaged in the manufacture and sale of plastic films, both locally and exporting to foreign countries. The firm operates in one industry segment that is Packaging. Its product portfolio includes Biaxially Oriented Polypropylene Film (BOPP film), Biaxially Oriented Polyamide Film (BOPA film), Cast Polypropylene Film (CPP Film), Biaxially Oriented Polyester Film (BOPET film), biaxially oriented Poly-Lactic-Acid the (BOPLA film), and metallized film applications.

A J Plast PCL (BKK:AJ-R) Headlines

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