Proen PCL (BKK:PROEN) Momentum Rank : 3 (As of Dec. 14, 2024)

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What is Proen PCL Momentum Rank?

Proen PCL has the Momentum Rank of 3.

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.

Competitive Comparison of Proen PCL's Momentum Rank

For the Telecom Services subindustry, Proen 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.

Proen PCL's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Proen PCL's Momentum Rank distribution charts can be found below:

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

Proen PCL Momentum Rank Related Terms

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Proen PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Proen Corp PCL (BKK:PROEN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PROEN-R:Thailand

Address

Charoenkrung Road, 72 Telecom Bangrak Tower, 4th, 18th Floor, Bangrak Sub-district, Bangrak District, Bangkok, THA, 10500

Website

https://www.proen.co.th

Proen Corp PCL is engaged in the business of IT equipment distributor, providing internet data center services and related services, providing internet security services, and construction. The Group has three segments which are comprised of IT equipment distribution, Internet data center, and related services and Construction. The company derives the majority of its revenue from Internet data center, and related services and Construction segment. The Group operates in Thailand.

Proen PCL Headlines

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