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Warrix Sport PCL (BKK:WARRIX) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Warrix Sport PCL Momentum Rank?

Warrix Sport PCL has the Momentum Rank of 0.

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.

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Warrix Sport PCL (BKK:WARRIX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Warrix Sport PCL (BKK:WARRIX) » Definitions » Momentum Rank
Comparable Companies
BKK:CSR BKK:CEYE TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW SZSE:300144 HKSE:09992 YETI GOLF TSE:7731 SEAS TSX:TOY OSTO:THULE
Traded in Other Exchanges
N/A
Address
849/6-8 Stadium One, Rama 6 Road, Wangmai, Pathumwan, Bangkok, THA, 10330
Website
https://www.warrix.co.th
Warrix Sport PCL operates its main business as the seller of uniforms, clothing, and sports equipment locally and overseas and operates a physical therapy clinic. The group operates in three segments, Credit selling, online selling, and other segments.

Warrix Sport PCL (BKK:WARRIX) Headlines

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