Yuasa Battery (Thailand) PCL (BKK:YUASA) Momentum Rank : 3 (As of Jun. 08, 2024)

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What is Yuasa Battery (Thailand) PCL Momentum Rank?

Yuasa Battery (Thailand) 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 Yuasa Battery (Thailand) PCL's Momentum Rank

For the Auto Parts subindustry, Yuasa Battery (Thailand) 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.

Yuasa Battery (Thailand) PCL's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Yuasa Battery (Thailand) PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yuasa Battery (Thailand) PCL's Momentum Rank falls into.

Yuasa Battery (Thailand) PCL Momentum Rank Related Terms

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Yuasa Battery (Thailand) PCL (BKK:YUASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yuasa Battery (Thailand) PCL (BKK:YUASA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Thedsaban 55, Sukhumvit Road, Number 164, Moo 5, Tambol Taibanmai, Amphur Muangsamutprakan, Samutprakan, THA, 10280

Website

https://www.yuasathai.com

Yuasa Battery (Thailand) PCL is engaged in the manufacturing and distribution of batteries for automobiles and motorcycles in Thailand. The company's product includes maintenance-free batteries for cars and motorcycles. The company manufactures and sells the batteries under its brands, such as THUNDLITE and YUCON. It derives its revenue from the original equipment market, replacement equipment market, and export market.

Yuasa Battery (Thailand) PCL (BKK:YUASA) Headlines

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