T S Flour Mill PCL (BKK:TMILL) Momentum Rank : 1 (As of Dec. 12, 2024)

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What is T S Flour Mill PCL Momentum Rank?

T S Flour Mill 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 T S Flour Mill PCL's Momentum Rank

For the Farm Products subindustry, T S Flour Mill 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.

T S Flour Mill PCL's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, T S Flour Mill PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where T S Flour Mill PCL's Momentum Rank falls into.

T S Flour Mill PCL Momentum Rank Related Terms

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T S Flour Mill PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » T S Flour Mill PCL (BKK:TMILL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TMILL-R:Thailand

Address

Poochaosamingphrai Road, 90/9 Moo 1, Soi Siamsilo, Tambon Samrongklang, Ampher Phrapradaeng, Samutprakarn, THA, 10130

Website

https://www.tmill.co.th

T S Flour Mill PCL is a Thailand-based company engaged in the production and distribution of wheat flour. The company's product includes flour of different kinds such as Bread flour, Fresh noodle flour, Instant noodle flour, Biscuit flour, Cake flour, Steamed bun flour, Dough stick flour, patangko flour as well as all-purpose flour. The majority of the operation of the company is solely made in Thailand.

T S Flour Mill PCL Headlines

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