Harn Engineering Solutions PCL (BKK:HARN) Momentum Rank : 10 (As of Apr. 28, 2025)

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What is Harn Engineering Solutions PCL Momentum Rank?

Harn Engineering Solutions PCL has the Momentum Rank of 10.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

Competitive Comparison of Harn Engineering Solutions PCL's Momentum Rank

For the Security & Protection Services subindustry, Harn Engineering Solutions 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.

Harn Engineering Solutions PCL's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Harn Engineering Solutions PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Harn Engineering Solutions PCL's Momentum Rank falls into.

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Harn Engineering Solutions PCL Momentum Rank Related Terms

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Harn Engineering Solutions PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Harn Engineering Solutions PCL (BKK:HARN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HARN-R:Thailand

Address

559 Soi Soonvijai 4, Rama 9 Road, Bangkapi, Huaykwang, Bangkok, THA, 10310

Website

https://www.harn.co.th

Harn Engineering Solutions PCL is engaged in wholesaling, retailing, repairing, renting, leasing, contracting, and installing fire protection systems and fire suppression agents, trading cold storage devices, trading, repairing, and renting printing equipment. The company operates in five segments namely, Fire protection products and project segment which contributes a majority part of revenue, Sanitary and Air-Conditioning System, Refrigeration System, Digital printing system, and Building-IoT Solutions segment.

Harn Engineering Solutions PCL Headlines

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