TTW PCL (BKK:TTW-F) Momentum Rank : 10 (As of May. 05, 2024)

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What is TTW PCL Momentum Rank?

TTW 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 TTW PCL's Momentum Rank

For the Utilities - Regulated Water subindustry, TTW 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.

TTW PCL's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, TTW PCL's Momentum Rank distribution charts can be found below:

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

TTW PCL Momentum Rank Related Terms

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TTW PCL (BKK:TTW-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » TTW PCL (BKK:TTW-F) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TTAPY:USA TTW:Thailand

Address

Budha Monthon 5 Road, 30/130 Moo 12, Rai Khing, RaiKhing, Sam Pran, Nakhon Pathom, THA, 73210

Website

https://www.ttwplc.com

TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its major customer, Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom, and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services and operate within Thailand. The majority of the company's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources.

TTW PCL (BKK:TTW-F) Headlines

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