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Truong Thanh Furniture (STC:TTF) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Truong Thanh Furniture Momentum Rank?

Truong Thanh Furniture 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.

Truong Thanh Furniture Momentum Rank Related Terms

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Truong Thanh Furniture (STC:TTF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Truong Thanh Furniture Corp (STC:TTF) » Definitions » Momentum Rank
Comparable Companies
WAR:DRE BOM:511618 BIIO NSE:OMFURN BOM:531608 ORSE:KA11R BOM:526225 BSE:VESY BOM:505840 LSE:JLH BOM:504269 NSE:AVONMPL TSXV:PTE WAR:ALD XSAT:SLEEP LUVU WAR:MER BOM:539223 OTSE:SKN1T SGX:5QR
Traded in Other Exchanges
N/A
Address
DT 747 Street, Group 7, Uyen Hung Ward, Binh Duong Province, Tan Uyen, VNM
Website
http://www.truongthanh.com
Truong Thanh Furniture Corp is a Vietnam-based company engaged in the home furnishing industry. The company manufactures and markets wooden products, including interior and outdoor upholstered and non-upholstered furniture and decorations, such as beds, tables, chairs, wardrobes, shelves, couches, floorboards, as well as doors, windows, veneers, and plywood.

Truong Thanh Furniture (STC:TTF) Headlines

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