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Readyplanet PCL (BKK:READY) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Readyplanet PCL Momentum Rank?

Readyplanet 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.

Readyplanet PCL Momentum Rank Related Terms

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Readyplanet PCL (BKK:READY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Readyplanet PCL (BKK:READY) » Definitions » Momentum Rank
Comparable Companies
BKK:SECURE BKK:RABBIT MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ SPLK MDB ZS XAMS:ADYEN VRSN NET XKAZ:KSPI FLT
Traded in Other Exchanges
N/A
Address
Rama 9 Road, 51 Major Tower Rama 9 - Ramkumhang 17th Floor, Unit 1701 - 1706, Huamak, Bangkapi, Bangkok, THA, 10240
Website
https://www.readyplanet.com
Readyplanet PCL is Thailand based company. The company is engaged in providing All-in-One Sales and Marketing Platform which is covered website, online advertising and customer relationship management systems. The Group comprises of the following segments namely Self Services and Managed Services.

Readyplanet PCL (BKK:READY) Headlines

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