Tanachira Retail PCL (BKK:TAN) Momentum Rank : 0 (As of Jun. 23, 2024)

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What is Tanachira Retail PCL Momentum Rank?

Tanachira Retail 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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Tanachira Retail PCL (BKK:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tanachira Retail Corp PCL (BKK:TAN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

999/9 Rama 1 Road, Room OFMH 2807 & 2812, 28th floor, The Offices at Central World, Patumwan, Bangkok, THA, 10330

Website

https://www.tanachira.co.th

Tanachira Retail Corp PCL is a Thailand based retailer importing lifestyle and fashion products. It is principally engaged in the distribution of diamond jewelry, gemstone jewelry and gems and also provides other products and services through its different brands. Based on its products and services the company has the following reportable segments, The jewelry segment, Leather goods, bags, shoes, clothes, furniture and home decorations. Import, export and distribution of clothing, bags and miscellaneous goods, and the incense segment which includes distribution and export of incense, skin care products and provision of spa services. The substantial portion of company's overall revenue is generated from its jewelry segment.