Charoen Pokphand Foods PCL (Charoen Pokphand Foods PCL) Momentum Rank : 10 (As of Apr. 26, 2024)

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What is Charoen Pokphand Foods PCL Momentum Rank?

Charoen Pokphand Foods PCL has the Momentum Rank of 10.

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 Charoen Pokphand Foods PCL's Momentum Rank

For the Farm Products subindustry, Charoen Pokphand Foods 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.

Charoen Pokphand Foods PCL's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Foods PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Charoen Pokphand Foods PCL's Momentum Rank falls into.

Charoen Pokphand Foods PCL Momentum Rank Related Terms

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Charoen Pokphand Foods PCL (Charoen Pokphand Foods PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Charoen Pokphand Foods PCL (OTCPK:CHPFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CPOUF:USA CPF:Thailand NVAV:Germany

Address

Silom Road, 313 C.P. Tower, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.cpfworldwide.com

Charoen Pokphand Foods PCL operates in agro-industrial and integrated food businesses. The group's business operations are located throughout Thailand and overseas. The businesses are divided into two main segments namely the livestock business which comprises chicken, duck and pigs and the aquaculture business comprises shrimp and fish. The two main businesses are vertically integrated, starting from sourcing raw materials for animal feed production, manufacturing animal feed, breeding animals, farming animals for commercial purposes, primary processing meat, producing ready-to-eat food products, and including operating food retail outlets and restaurants.

Charoen Pokphand Foods PCL (Charoen Pokphand Foods PCL) Headlines

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