Siam East Solutions PCL (BKK:SE) Momentum Rank : 7 (As of Jun. 24, 2024)

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What is Siam East Solutions PCL Momentum Rank?

Siam East Solutions PCL has the Momentum Rank of 7.

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 Siam East Solutions PCL's Momentum Rank

For the Industrial Distribution subindustry, Siam East Solutions 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.

Siam East Solutions PCL's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Siam East Solutions PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Siam East Solutions PCL's Momentum Rank falls into.

Siam East Solutions PCL Momentum Rank Related Terms

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Siam East Solutions PCL (BKK:SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Siam East Solutions PCL (BKK:SE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15/1, Rayong Highway No. 3191, Huai Pong Sub-district, Mueang Rayong District, Rayong Province, Rayong, THA, 21150

Website

https://www.siameastsolutions.com

Siam East Solutions PCL is engaged in the supply and distribution of industrial equipment. The company's segments include Pumping System Techem Technology Division; Process and Piping Solution Division; Innovative Material Division and Service Business. It generates maximum revenue from the Process and Piping Solution Division segment.