Richy Place 2002 PCL (BKK:RICHY-R) Momentum Rank : 2 (As of Apr. 26, 2024)

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What is Richy Place 2002 PCL Momentum Rank?

Richy Place 2002 PCL has the Momentum Rank of 2.

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 Richy Place 2002 PCL's Momentum Rank

For the Real Estate - Development subindustry, Richy Place 2002 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.

Richy Place 2002 PCL's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Richy Place 2002 PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Richy Place 2002 PCL's Momentum Rank falls into.

Richy Place 2002 PCL Momentum Rank Related Terms

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Richy Place 2002 PCL (BKK:RICHY-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Richy Place 2002 PCL (BKK:RICHY-R) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RICHY:Thailand

Address

Charansanitwong Road, 7th Floor, 667/15 Ataboon Building, Bangkok Noi District, Arunamarin Sub-district, Bangkok, THA, 10700

Website

https://www.richy.co.th

Richy Place 2002 PCL is a Thailand based company that operates real estate, contractor and property management services. The principal activity of the company includes the development and sale of property and condominiums. The company operates projects such as The Rich Sathorn-Tasksin, Rich Park Bangson Station, Rich Park Triple Station, Rich Ville Ratchaphruek, The Rich Biz Home Sukhumvit 105, Rich Avenue and Attaboon Office Building among others. All the activities are generally functioned in the region of Thailand and it derives revenue from sales of land and houses and condominium units.

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