Eastern Water Resources Development and Management PCL (BKK:EASTW) Momentum Rank : 1 (As of May. 10, 2024)

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What is Eastern Water Resources Development and Management PCL Momentum Rank?

Eastern Water Resources Development and Management 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 Eastern Water Resources Development and Management PCL's Momentum Rank

For the Utilities - Regulated Water subindustry, Eastern Water Resources Development and Management 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.

Eastern Water Resources Development and Management PCL's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Eastern Water Resources Development and Management PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eastern Water Resources Development and Management PCL's Momentum Rank falls into.

Eastern Water Resources Development and Management PCL Momentum Rank Related Terms

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Eastern Water Resources Development and Management PCL (BKK:EASTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eastern Water Resources Development and Management PCL (BKK:EASTW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

7ES1:Germany

Address

No. 1 Soi Vipavadeerangsit 5, Vipavadeerangsit Road, 23rd - 26th Floors, East Water Building, Jomphol Sub-district, Chatujak District, Bangkok, THA, 10900

Website

https://www.eastwater.com

Eastern Water Resources Development and Management PLC is a Thailand-based water utilities company. The business operations of the Company are development and management of the water distribution pipeline systems in the Eastern Seaboard area of Thailand, supply of raw water, production and supply of tap water. The segment of the business comprises of supply of raw water, production and supply of tap water, supply of industrial water business, waterworks management, and engineering services.

Eastern Water Resources Development and Management PCL (BKK:EASTW) Headlines

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