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Sahathai Printing & Packaging PCL (BKK:STP) Momentum Rank : 0 (As of May. 28, 2024)


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What is Sahathai Printing & Packaging PCL Momentum Rank?

Sahathai Printing & Packaging 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.

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Sahathai Printing & Packaging PCL (BKK:STP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sahathai Printing & Packaging PCL (BKK:STP) » Definitions » Momentum Rank
Comparable Companies
BKK:SQ BKK:TAKUNI BKK:FLOYD BKK:PREB BKK:STI BKK:TTCL BKK:CAZ BKK:PYLON BKK:SRICHA BKK:PLE OHEL:UPM BSP:SUZB3 BUE:CELU OHEL:STERV LSE:MNDI OSTO:HOLM A BSP:KLBN3 SZSE:002078 XSGO:CMPC TSE:3861
Traded in Other Exchanges
N/A
Address
200/1 Soi Charansanitwong 42 Intersection 9, Bangyeekhan, Bang Phlat District, Bangkok, THA, 10700
Website
https://www.sahathaiprinting.com
Sahathai Printing & Packaging PCL is a service provider in the printing and packaging industry. It operates the business of printing paper boxes and all types of publications. The group has business in a single geographic area, namely Thailand.

Sahathai Printing & Packaging PCL (BKK:STP) Headlines

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