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Heng Leasing and Capital PCL (BKK:HENG) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Heng Leasing and Capital PCL Momentum Rank?

Heng Leasing and Capital 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.

Heng Leasing and Capital PCL Momentum Rank Related Terms

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Heng Leasing and Capital PCL (BKK:HENG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Heng Leasing and Capital PCL (BKK:HENG) » Definitions » Momentum Rank
Comparable Companies
BKK:SAK BKK:CHAYO BKK:ASK BKK:SGC BKK:NCAP BKK:CHASE BKK:TK BKK:AMANAH BKK:MICRO BKK:AF V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN SYF
Traded in Other Exchanges
N/A
Address
69 Moo 7, Tambon Sansai Noi, Amphur Sansai, Chiang Mai, THA, 50210
Website
https://www.hengleasing.com
Heng Leasing and Capital PCL is engaged in the single operating segment of hire purchase and loan receivables. The operations are carried on in a single geographical area of Thailand.

Heng Leasing and Capital PCL (BKK:HENG) Headlines

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