Ratchthani Leasing PCL (BKK:THANI-R) Momentum Rank : 3 (As of May. 23, 2024)

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What is Ratchthani Leasing PCL Momentum Rank?

Ratchthani Leasing PCL has the Momentum Rank of 3.

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 Ratchthani Leasing PCL's Momentum Rank

For the Credit Services subindustry, Ratchthani Leasing 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.

Ratchthani Leasing PCL's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ratchthani Leasing PCL's Momentum Rank falls into.

Ratchthani Leasing PCL Momentum Rank Related Terms

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Ratchthani Leasing PCL (BKK:THANI-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ratchthani Leasing PCL (BKK:THANI-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

THANI:Thailand

Address

77/35-36, Krung Thon Buri, 11th UP Floor, Sinsathorn Tower, Klongtonsai, Klongsarn, Bangkok, THA, 10600

Website

https://www.ratchthani.com

Ratchthani Leasing PCL is a public company incorporated and domiciled in Thailand. The company is principally engaged in providing financial services specifically hire-purchase and leasing. Ratchathani Leasing PCL is organized into business units based on its products and services and has three reportable segments, namely, New Cars, Used Cars, and Others. The company operates only in Thailand and generates a majority of its revenue from Hire purchase interest income.

Ratchthani Leasing PCL (BKK:THANI-R) Headlines

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