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Nova Organic PCL (BKK:NV) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Nova Organic PCL Momentum Rank?

Nova Organic 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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Nova Organic PCL (BKK:NV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nova Organic PCL (BKK:NV) » Definitions » Momentum Rank
Comparable Companies
BKK:JDF BKK:WINNER BKK:CHOTI BKK:BIS BKK:SORKON BKK:CM BKK:VPO BKK:GLOCON BKK:PPPM BKK:F&D XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
190/4 Moo 8, Nai Khlong, Bang Pla Kot Subdistrict, Phra Samut Chedi District, Samut Prakan Province, Bangkok, THA
Website
https://www.nova-organic.com
Nova Organic PCL is a Thailand based manufacturer and distributor of dietary supplements and herbs for health and beauty. The business serves Southeast Asia, Europe, Hong Kong whilst earning key revenue from domestic sales.

Nova Organic PCL (BKK:NV) Headlines

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