Total Access Communication PCL (FRA:TA3G) Momentum Rank : 6 (As of May. 26, 2024)

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What is Total Access Communication PCL Momentum Rank?

Total Access Communication 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 Total Access Communication PCL's Momentum Rank

For the Telecom Services subindustry, Total Access Communication 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.

Total Access Communication PCL's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Total Access Communication PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Total Access Communication PCL's Momentum Rank falls into.

Total Access Communication PCL Momentum Rank Related Terms

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Total Access Communication PCL (FRA:TA3G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Total Access Communication PCL (FRA:TA3G) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phayathai Road, No. 319 Chamchuri Square Building, 38th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330

Website

https://www.dtac.co.th

Total Access Communication PCL is a telecommunications company. The company's operating segment includes Mobile telephone service and related services and Sales of handsets and starter kits. It serves both individual and business customers. The majority of revenue stems from providing mobile services. Within mobile services, a majority of revenue stems from both voice and data services. Revenue is on a subscription basis and in terms of subscribers, the majority are prepaid customers. It operates in a single geographical segment, which is Thailand.

Total Access Communication PCL (FRA:TA3G) Headlines

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