E For L Aim PCL (BKK:EFORL-F) Momentum Rank : 10 (As of Jun. 24, 2024)

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What is E For L Aim PCL Momentum Rank?

E For L Aim 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 E For L Aim PCL's Momentum Rank

For the Medical Distribution subindustry, E For L Aim 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.

E For L Aim PCL's Momentum Rank Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, E For L Aim PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where E For L Aim PCL's Momentum Rank falls into.

E For L Aim PCL Momentum Rank Related Terms

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E For L Aim PCL (BKK:EFORL-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » E For L Aim PCL (BKK:EFORL-F) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EFORL:Thailand

Address

No. 432 Rajavithi Road, Bangyee Khan Sub District, Bangplad District, Bangkok, THA, 10700

Website

https://www.eforl-aim.com

E For L Aim PCL operates as a dealer and importer of medical devices and equipment and provides advertising services. It serves customers in both the government and private sectors. The company and subsidiaries' business operations involve two principle segments which are Distributor of medical devices and equipment; and Beauty treatment segments. In addition, the group is also involved providing advertising services. Geographically all the operations are carried out through the region of Thailand. The Distributor of medical devices and equipment act as a key revenue driver for the firm.

E For L Aim PCL (BKK:EFORL-F) Headlines

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