Lam Soon (Thailand) PCL Shs (BKK:LST) Momentum Rank : 10 (As of May. 15, 2024)

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What is Lam Soon (Thailand) PCL Shs Momentum Rank?

Lam Soon (Thailand) PCL Shs 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 Lam Soon (Thailand) PCL Shs's Momentum Rank

For the Farm Products subindustry, Lam Soon (Thailand) PCL Shs'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.

Lam Soon (Thailand) PCL Shs's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lam Soon (Thailand) PCL Shs's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lam Soon (Thailand) PCL Shs's Momentum Rank falls into.

Lam Soon (Thailand) PCL Shs Momentum Rank Related Terms

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Lam Soon (Thailand) PCL Shs (BKK:LST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lam Soon (Thailand) PCL Shs (BKK:LST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

64, Soi Bangna-Trad 25, Bangna Nuea, Bangkok, THA, 10260

Website

http://www.lamsoon.co.th

Lam Soon (Thailand) PCL Shs along with its subsidiaries is principally engaged in the manufacture and distribution of palm oil. The group and its subsidiaries are organized into business units based on their products and services and have two reportable segments namely manufacturing and distribution of palm oil segment, which includes the generation of electricity from biogases, the by-products from palm oil manufacturing; and the manufacturing and distribution of processed fruits and vegetable segment. Geographically, operates through the region of Thailand and it holds a presence in the international market, however domestic sales account for the majority of revenue.

Lam Soon (Thailand) PCL Shs (BKK:LST) Headlines

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