Ubon Bio Ethanol PCL (BKK:UBE) Momentum Rank : 10 (As of Dec. 15, 2024)

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What is Ubon Bio Ethanol PCL Momentum Rank?

Ubon Bio Ethanol 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 Ubon Bio Ethanol PCL's Momentum Rank

For the Farm Products subindustry, Ubon Bio Ethanol 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.

Ubon Bio Ethanol PCL's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ubon Bio Ethanol PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ubon Bio Ethanol PCL's Momentum Rank falls into.

Ubon Bio Ethanol PCL Momentum Rank Related Terms

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Ubon Bio Ethanol PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ubon Bio Ethanol PCL (BKK:UBE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

UBE-R:Thailand

Address

333 Moo 9, Nadee Sub district, Nayia District, Ubon Ratchathani Province, Ubon Ratchathani, THA, 34160

Website

https://www.ubonbioethanol.com

Ubon Bio Ethanol PCL is engaged in the manufacture and distribution of processed cassava products which include cassava-based ethanol, cassava starch, cassava flour, other organic products, biogas, and electricity from biogas and solar power systems. The company has three reportable segments Tapioca starch, biogas and electricity, Ethanol, and others. The majority of revenue is generated from the Ethanol segment.

Ubon Bio Ethanol PCL Headlines

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