Ama Marine PCL (BKK:AMA) Momentum Rank : 8 (As of May. 27, 2024)

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What is Ama Marine PCL Momentum Rank?

Ama Marine PCL has the Momentum Rank of 8.

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 Ama Marine PCL's Momentum Rank

For the Marine Shipping subindustry, Ama Marine 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.

Ama Marine PCL's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ama Marine PCL's Momentum Rank distribution charts can be found below:

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

Ama Marine PCL Momentum Rank Related Terms

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Ama Marine PCL (BKK:AMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ama Marine PCL (BKK:AMA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room No. TNA02, TNA03, Rama 9 Road, 33/4 The Nine Tower A, 33rd Floor, Huaykwang, Bangkok, THA, 10310

Website

https://www.amamarine.co.th

Ama Marine PCL is a Thailand based company engages in the provision of marine transportation services in the Southeast Asia region. It operates through the following segments: Marine transportation services segment which rendered in the Southeast Asia region and Logistic services segment virtually in Thailand by transportation of fuel oil and gas. It provides international liquid logistic services by tankers for various liquid products, including palm oil, vegetable oil, and other chemicals.

Ama Marine PCL (BKK:AMA) Headlines

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