GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » President Bakery PCL (BKK:PB-R) » Definitions » Momentum Rank

President Bakery PCL (BKK:PB-R) Momentum Rank : 0 (As of Jun. 09, 2024)


View and export this data going back to 2002. Start your Free Trial

What is President Bakery PCL Momentum Rank?

President Bakery 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.

President Bakery PCL Momentum Rank Related Terms

Thank you for viewing the detailed overview of President Bakery PCL's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

President Bakery PCL (BKK:PB-R) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » President Bakery PCL (BKK:PB-R) » Definitions » Momentum Rank
Comparable Companies
BKK:RBF BKK:TVO BKK:SNNP BKK:TKN BKK:SAUCE BKK:XO BKK:COCOCO BKK:GFPT BKK:ITC BKK:NRF XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
PB:Thailand
Address
Ratchadapisek Road, Number 121/84 - 85, RS Tower Building, 29th Floor, Dindaeng, Bangkok, THA, 10400
Website
https://www.farmhouse.co.th
President Bakery PCL is involved in the business of manufacturing and selling of bakery products. Its products include Cookies, Pies, Breads, Dorayaki, Buns, Toasts, Cakes etc. The company markets its products under the brand name of Farmhouse. The firm conducts its operations in Thailand.

President Bakery PCL (BKK:PB-R) Headlines

No Headlines