Preecha Group PCL (BKK:PRECHA) Momentum Rank : 8 (As of May. 01, 2025)

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What is Preecha Group PCL Momentum Rank?

Preecha Group PCL has the Momentum Rank of 8.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Preecha Group PCL's Momentum Rank

For the Real Estate - Development subindustry, Preecha Group PCL's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Preecha Group PCL's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Preecha Group PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Preecha Group PCL's Momentum Rank falls into.

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Preecha Group PCL Momentum Rank Related Terms

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Preecha Group PCL Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PRECHA-R:Thailand

Address

1919 Pattanakarn Road, Preecha Group Building, Suan Luang Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.preecha.com

Preecha Group PCL is engaged in property development and renting property businesses. It develops single houses, twin houses, townhouses, condominiums, and prefabricated land. Its project portfolio includes Preecha Romklao, Preecha Suwinthawong, Preecha Phiveet Beach, Rayong, Preecha Complex Office Building, Ratchadaphisek Road, and Preecha Ram 1, Rat Phatthana Road, Preecha Ram 2, Preecha Ram 3. The company's segments include Property development and Renting property. It generates maximum revenue from the Renting property segment. The company principally operates in Thailand.

Preecha Group PCL Headlines

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