TTCL PCL (BKK:TTCL) Momentum Rank : 10 (As of Jun. 25, 2024)

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What is TTCL PCL Momentum Rank?

TTCL PCL 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 TTCL PCL's Momentum Rank

For the Engineering & Construction subindustry, TTCL 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.

TTCL PCL's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, TTCL PCL's Momentum Rank distribution charts can be found below:

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

TTCL PCL Momentum Rank Related Terms

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TTCL PCL (BKK:TTCL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Sukhumvit 21, Asoke Road, 159 Sermmit Tower, 27th-30th Floor, Klong-Toeynua, Wattana, Bangkok, THA, 10110

Website

http://www.ttcl.com

TTCL PCL is an integrated Engineering, Procurement, and Construction company in Thailand. The company's business operations are engineering services including design, procurement, and construction for integrated industrial factories, energy business, manufacturing and distribution of white pallets, and Torrefaction Technology License Provider. It has two operating segments; the Energy business segment provides services for generating and selling electricity to the government both in Thailand and overseas, and The construction business provides construction services in Thailand and overseas.

TTCL PCL (BKK:TTCL) Headlines

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