Smart Concrete PCL (BKK:SMART) Momentum Rank : 1 (As of Jun. 17, 2024)

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What is Smart Concrete PCL Momentum Rank?

Smart Concrete PCL has the Momentum Rank of 1.

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 Smart Concrete PCL's Momentum Rank

For the Building Materials subindustry, Smart Concrete 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.

Smart Concrete PCL's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Smart Concrete PCL's Momentum Rank distribution charts can be found below:

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

Smart Concrete PCL Momentum Rank Related Terms

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Smart Concrete PCL (BKK:SMART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Smart Concrete PCL (BKK:SMART) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Moo 9 Banbueng-Klaeng Road, Tambol Nong-Irun, Amphur Banbung, Chonburi Province, THA, 20220

Website

https://www.smartblock.co.th

Smart Concrete PCL is engaged in the manufacturing and sales of products relating to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products. The products are distributed under the trademarks of SMART and BLOCK-YEN. The company operates in Thailand.

Smart Concrete PCL (BKK:SMART) Headlines

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