MBK PCL (BKK:MBK-W4-R) Momentum Rank : 9 (As of Jun. 08, 2024)

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What is MBK PCL Momentum Rank?

MBK PCL has the Momentum Rank of 9.

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 MBK PCL's Momentum Rank

For the Conglomerates subindustry, MBK 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.

MBK PCL's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, MBK PCL's Momentum Rank distribution charts can be found below:

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

MBK PCL Momentum Rank Related Terms

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MBK PCL (BKK:MBK-W4-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » MBK PCL (BKK:MBK-W4-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MBK:Thailand

Address

444 Phayathai Road, 8th Floor, MBK Center Building, Pathumwan, Bangkok, THA, 10330

Website

https://www.mbkgroup.co.th

MBK PCL and its subsidiaries engage in the leisure, entertainment and real estate business. The company is headquartered in Thailand and generates the majority of revenue domestically. The company operates through several segments, the general of which is shopping centers. This segment rents both retail and office space to tenants within shopping centers. The hotel and tourism division provides accommodation and travel services to customers. The company also conducts operations concerning golf, real estate, finance, food, security, car motorcycle auctions, and personnel management.

MBK PCL (BKK:MBK-W4-R) Headlines

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