Polaris Capital PCL (BKK:POLAR-R) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Polaris Capital PCL Momentum Rank?

Polaris 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.

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Polaris Capital PCL (BKK:POLAR-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Polaris Capital PCL (BKK:POLAR-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

503/34 KSL TOWER, Sriayudhya Road , 18th Floor, Rajathevi District, Bangkok, THA

Website

http://www.polariscap.co.th

Polaris Capital PCL is engaged in the development and sale of real estate properties. The company is engaged in property development for sales business and bitcoin mining machine rental business. The company holds an interest in projects such as The Clover Phuket, Clover Ladprao 83 and Living Nararungsit. Geographically, it operates through the region of Thailand.

Polaris Capital PCL (BKK:POLAR-R) Headlines

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