Banpu Power PCL (BKK:BPP) Momentum Rank : 10 (As of May. 25, 2024)

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What is Banpu Power PCL Momentum Rank?

Banpu Power PCL has the Momentum Rank of 10.

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 Banpu Power PCL's Momentum Rank

For the Utilities - Independent Power Producers subindustry, Banpu Power 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.

Banpu Power PCL's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's Momentum Rank distribution charts can be found below:

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

Banpu Power PCL Momentum Rank Related Terms

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Banpu Power PCL (BKK:BPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Banpu Power PCL (BKK:BPP) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1550 New Petchburi Road, 26th Floor, Thanapoom Tower, Makkasan, Ratchathewi, Bangkok, THA, 10400

Website

https://www.banpupower.com

Banpu Power PCL is a Thailand-based power-generating company operating both thermal power and renewable power. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Energy Generation and Energy Technology. The Energy Generation segment operates in electricity generation which consists of thermal and renewable energy both domestic and overseas. The Energy Technology segment operations comprise solar rooftops, electric vehicles, energy storage, and energy management system. Geographically, the company has its presence in the People's Republic of China which is the key revenue driver, Thailand, the Lao People's Democratic Republic, the USA, and Japan.

Banpu Power PCL (BKK:BPP) Headlines

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