Tipco Asphalt PCL (FRA:NVP5) Momentum Rank : 6 (As of May. 24, 2024)

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What is Tipco Asphalt PCL Momentum Rank?

Tipco Asphalt PCL has the Momentum Rank of 6.

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 Tipco Asphalt PCL's Momentum Rank

For the Building Materials subindustry, Tipco Asphalt 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.

Tipco Asphalt PCL's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Momentum Rank distribution charts can be found below:

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

Tipco Asphalt PCL Momentum Rank Related Terms

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Tipco Asphalt PCL (FRA:NVP5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tipco Asphalt PCL (FRA:NVP5) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TASCO:Thailand

Address

118/1 Rama 6 Road, Phayathai Sub district, Phayathai District, Bangkok, THA, 10400

Website

https://www.tipcoasphalt.com

Tipco Asphalt PCL operates in two segment based on types of products and services. The Group conducts manufacturing and trading of asphalt, petroleum oil products and asphalt concrete in both domestic and overseas markets. Whereas, the marine logistic business complements the manufacturing and trading of asphalt and petroleum oil products. The Group conducts construction service related to highway construction and road rehabilitation in Thailand. The company operates in Thailand and Overseas, majority of its revenue being from Overseas. The company generates majority revenue from Manufacturing and trading segment.

Tipco Asphalt PCL (FRA:NVP5) Headlines

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