Sri Trang Agro-Industry (BKK:STA) Momentum Rank : 10 (As of Dec. 14, 2024)

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What is Sri Trang Agro-Industry Momentum Rank?

Sri Trang Agro-Industry has the Momentum Rank of 10.

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 Sri Trang Agro-Industry's Momentum Rank

For the Specialty Chemicals subindustry, Sri Trang Agro-Industry'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.

Sri Trang Agro-Industry's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sri Trang Agro-Industry's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sri Trang Agro-Industry's Momentum Rank falls into.

Sri Trang Agro-Industry Momentum Rank Related Terms

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Sri Trang Agro-Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sri Trang Agro-Industry PLC (BKK:STA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

STA-F:Thailand NC2:Singapore

Address

10 Soi 10, Phetkasem Road, Hat Yai, Songkhla, THA, 90110

Website

https://www.sritranggroup.com

Sri Trang Agro-Industry PLC is engaged in the manufacturing and distribution of natural rubber products such as ribbed smoked sheets, concentrated latex, block rubber, and other products. Its reportable segments are; Natural rubber products, Gloves, and Other businesses. Majority of the revenue for the company is generated from its Natural rubber products segment. Geographically, it generates a majority of its revenue from China and also has its presence in other markets such as Thailand, USA, Singapore, Japan and other regions.

Sri Trang Agro-Industry Headlines

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