Unique Mining Services PCL (BKK:UMS) Momentum Rank : 3 (As of Dec. 15, 2024)

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What is Unique Mining Services PCL Momentum Rank?

Unique Mining Services 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 Unique Mining Services PCL's Momentum Rank

For the Thermal Coal subindustry, Unique Mining Services 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.

Unique Mining Services PCL's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Unique Mining Services PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Unique Mining Services PCL's Momentum Rank falls into.

Unique Mining Services PCL Momentum Rank Related Terms

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Unique Mining Services PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Unique Mining Services PCL (BKK:UMS) » Definitions » Momentum Rank

Traded in Other Exchanges

UMS-R:Thailand

Address

Ploenchit Road, Soi Chidlom, 26/23 Orakarn Building, 7th Floor, Lumpinee, Pathumwan, Bangkok, THA, 10330

Website

http://www.umspcl.com

Unique Mining Services PCL is engaged in importing and distributing coal for domestic industrial uses. The company's core business is engaged in the distribution of coal and provision of related services for domestic industrial, transportation by barge conveyance, and port services. The company has three segment Distribution of coal and related services, Transport, and Energy. The firm, through its subsidiaries, produces coal briquettes across Thailand. Its operating segments are Distribution of coal and related services which is the key revenue driving segment, Transport Segment and Energy Segment.

Unique Mining Services PCL Headlines

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