WICE Logistics PCL (BKK:WICE) Momentum Rank : 8 (As of May. 23, 2024)

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What is WICE Logistics PCL Momentum Rank?

WICE Logistics PCL has the Momentum Rank of 8.

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 WICE Logistics PCL's Momentum Rank

For the Integrated Freight & Logistics subindustry, WICE Logistics 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.

WICE Logistics PCL's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, WICE Logistics PCL's Momentum Rank distribution charts can be found below:

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

WICE Logistics PCL Momentum Rank Related Terms

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WICE Logistics PCL (BKK:WICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » WICE Logistics PCL (BKK:WICE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

88/8 Nonsee Road, Chong-Nonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.wice.co.th

WICE Logistics PCL is a Thailand-based company. The company is engaged in international air and sea freight forwarding, customs broker, inland transportation, cross-border transport, multimodal transport operator, warehousing service and all freight-related services for imports and exports.

WICE Logistics PCL (BKK:WICE) Headlines

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