Plus Tech Innovation PCL (BKK:PTECH) Momentum Rank : 2 (As of Jun. 24, 2024)

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What is Plus Tech Innovation PCL Momentum Rank?

Plus Tech Innovation PCL has the Momentum Rank of 2.

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 Plus Tech Innovation PCL's Momentum Rank

For the Business Equipment & Supplies subindustry, Plus Tech Innovation 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.

Plus Tech Innovation PCL's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Plus Tech Innovation PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Plus Tech Innovation PCL's Momentum Rank falls into.

Plus Tech Innovation PCL Momentum Rank Related Terms

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Plus Tech Innovation PCL (BKK:PTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plus Tech Innovation PCL (BKK:PTECH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Poochao-Saming Prai Road, 41/1 Soi Wat Suan Som, Samrong Tai Subdistrict, Phra Pradaeng District, Samutprakarn, THA, 10130

Website

https://www.tbsp.co.th

Plus Tech Innovation PCL is a Thailand-based company engaged in the manufacturing of plastic cards and vending machines. The company's two operating segments include the Manufacturing of plastic cards and card personalization services; and Vending machines. It generates the majority of its revenue from the Vending machines segment. Geographically group mainly operates in Thailand and generates key revenue.

Plus Tech Innovation PCL (BKK:PTECH) Headlines

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