CSP Steel Center PCL (BKK:CSP-R) Momentum Rank : 10 (As of Jun. 07, 2024)

View and export this data going back to 2005. Start your Free Trial

What is CSP Steel Center PCL Momentum Rank?

CSP Steel Center 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 CSP Steel Center PCL's Momentum Rank

For the Steel subindustry, CSP Steel Center 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.

CSP Steel Center PCL's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, CSP Steel Center PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CSP Steel Center PCL's Momentum Rank falls into.

CSP Steel Center PCL Momentum Rank Related Terms

Thank you for viewing the detailed overview of CSP Steel Center PCL's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

CSP Steel Center PCL (BKK:CSP-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSP Steel Center PCL (BKK:CSP-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CSP:Thailand

Address

475 Rama 3 Road, Bangklo, Bangkolaem, Bangkok, THA, 10120

Website

http://www.cspsteel.com

CSP Steel Center PCL is a Thailand-based firm engaged in the manufacture and sale of sheet steel finished goods and rolled steel pipe. The company's product portfolio includes Cutting cold rolled sheet, Hot rolled steel, Coated sheet in both plate and coil types, Cold rolled steel pipe and hot rolled steel pipe, among others. It primarily operates in Thailand.

CSP Steel Center PCL (BKK:CSP-R) Headlines

No Headlines