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Nation Group (Thailand) PCL (BKK:NATION) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Nation Group (Thailand) PCL Momentum Rank?

Nation Group (Thailand) 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.

Nation Group (Thailand) PCL Momentum Rank Related Terms

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Nation Group (Thailand) PCL (BKK:NATION) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nation Group (Thailand) PCL (BKK:NATION) » Definitions » Momentum Rank
Comparable Companies
BKK:GLORY BKK:MATI BKK:AMARIN LSE:INF LSE:PSON NYT SHSE:603000 OSL:SCHA SHSE:601928 SAU:4210 SHSE:601858 SHSE:601098 TSE:9468 SHSE:601019 SHSE:601921 SHSE:601949 SHSE:600373 SHSE:601900 WLY SZSE:000719
Traded in Other Exchanges
N/A
Address
Debaratna Road, 1854, 9th, 10th and 11th Floors, Bangna-Tai, Bangna, Bangkok, THA, 10260
Website
https://www.nationgroup.com
Nation Group (Thailand) PCL is a Thailand-based company. The company is engaged in the publishing and distribution of newspapers and publishing, providing advertising and news services and others. Its operating segment includes Publishing and advertising; Broadcasting and related online and event. The company generates maximum revenue from offering advertising services. The group principally operates in Thailand.

Nation Group (Thailand) PCL (BKK:NATION) Headlines

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