Varopakorn PCL (BKK:VARO) Momentum Rank : 1 (As of Dec. 15, 2024)

View and export this data going back to 1991. Start your Free Trial

What is Varopakorn PCL Momentum Rank?

Varopakorn 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 Varopakorn PCL's Momentum Rank

For the Aluminum subindustry, Varopakorn 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.

Varopakorn PCL's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Varopakorn PCL's Momentum Rank distribution charts can be found below:

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

Varopakorn PCL Momentum Rank Related Terms

Thank you for viewing the detailed overview of Varopakorn PCL's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Varopakorn PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Varopakorn PCL (BKK:VARO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Soi Amorn, Nanglinchee Road, Chongnonsri, Yannawa, Bangkok, THA, 10120

Website

https://www.varopakorn.com

Varopakorn PCL is engaged in the manufacturing and distribution of semi-finished aluminum products in Thailand. Its Aluminium rolled products have been developed to be of standard quality and wider range, such as Bare Finstock, Precoated Finstock, Capstocks, Foil, Coil, Sheet, and Automotive Fin. It generates revenue from Thailand, Asia, America, Europe, and Oceania.

Varopakorn PCL Headlines

No Headlines