Dexon Technology PCL (BKK:DEXON) Momentum Rank : 0 (As of May. 26, 2024)

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What is Dexon Technology PCL Momentum Rank?

Dexon Technology PCL 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Dexon Technology PCL (BKK:DEXON) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

78/4-5 Moo 6, Sukhumvit Road, Ban Chang, Rayong, THA, 21130

Website

https://www.dexon-technology.com

Dexon Technology PCL is engaged in providing non-destructive inspection services, inspection training across the board of inspection standards and distributor of tools, spare parts and equipment used for the inspection of goods quality. The company's operating segments include Research and development innovation segment, Advanve In-line inspection technology segment, Advance non-destructive testing technology segment, Asset integrity management service segment, and Conventional non-destructive inspection segment.

Dexon Technology PCL (BKK:DEXON) Headlines

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