Bangkok Sheet Metal PCL (BKK:BM) Momentum Rank : 4 (As of Jun. 05, 2024)

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What is Bangkok Sheet Metal PCL Momentum Rank?

Bangkok Sheet Metal PCL has the Momentum Rank of 4.

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 Bangkok Sheet Metal PCL's Momentum Rank

For the Metal Fabrication subindustry, Bangkok Sheet Metal 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.

Bangkok Sheet Metal PCL's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bangkok Sheet Metal PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bangkok Sheet Metal PCL's Momentum Rank falls into.

Bangkok Sheet Metal PCL Momentum Rank Related Terms

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Bangkok Sheet Metal PCL (BKK:BM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bangkok Sheet Metal PCL (BKK:BM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

149 Moo 6, Suksawad Road, Tambol Bangjak, Amphur Phrapradang, Samutprakarn, Bangjak, THA, 10130

Website

http://www.bmplc.co.th

Bangkok Sheet Metal PCL is a Thailand-based company engaged in manufacturing and distributing processed metal products. The company's main products are classified into the categories of Metal trunking and white conduits, Communication racks, cabinets and enclosures, Electrical switchboards and lighting fixtures, Fabrication and metalworking, Mold and die making machine tools and equipment, Sheet metal parts, press parts, machine parts and assembly parts. Its products are mainly used in office buildings, condominiums, superstores, factories, and Bangkok mass transit stations. The firm solely operates in Thailand.

Bangkok Sheet Metal PCL (BKK:BM) Headlines

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