General Environmental Conservation PCL (BKK:GENCO) Momentum Rank : 7 (As of May. 26, 2024)

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What is General Environmental Conservation PCL Momentum Rank?

General Environmental Conservation PCL has the Momentum Rank of 7.

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 General Environmental Conservation PCL's Momentum Rank

For the Waste Management subindustry, General Environmental Conservation 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.

General Environmental Conservation PCL's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, General Environmental Conservation PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where General Environmental Conservation PCL's Momentum Rank falls into.

General Environmental Conservation PCL Momentum Rank Related Terms

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General Environmental Conservation PCL (BKK:GENCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » General Environmental Conservation PCL (BKK:GENCO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

447 Bondstreet Road, Bangpood, Parkkred, Nonthaburi, THA, 11120

Website

http://www.genco.co.th

General Environmental Conservation PCL is a waste management company. It is engaged in the treatment of industrial waste and unavoidable by-products of manufacturing processes and real estate business. Its operating segments include Treatment of Industrial Waste; Property Development and others. Through its segments it offers management of hazardous and non-hazardous industrial waste, offering services for collecting, storing and transporting industrial waste. Majority of the company's revenue is derived from the Treatment of Industrial Waste segment with its presence in Thailand.

General Environmental Conservation PCL (BKK:GENCO) Headlines

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