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Fine Metal Technologies PCL (BKK:FMT) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Fine Metal Technologies PCL Momentum Rank?

Fine Metal Technologies 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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Fine Metal Technologies PCL (BKK:FMT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fine Metal Technologies PCL (BKK:FMT) » Definitions » Momentum Rank
Comparable Companies
BKK:KJL BKK:BM BKK:BJCHI BKK:UEC BKK:APCS BKK:CITY BKK:BTW BKK:KCM BKK:POLY BKK:STPI ATI MLI XTER:TKA SHSE:688122 SZSE:000039 TPE:2474 ESAB XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
Rajdamri Road, 183 Regent House Building, 14th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Website
https://www.fmt.co.th
Fine Metal Technologies PCL is engaged in the manufacturing and distribution of a seamless copper tube, which is an important component for air-conditioners and refrigerator equipment. Its products include Smooth Tube, Multi Groove Tube, Accumulator Tube, and Capillary Tube. Geographically, the company operates in Thailand, Malaysia, Japan, Singapore and Othercountries.

Fine Metal Technologies PCL (BKK:FMT) Headlines

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