Metro Systems PCL (BKK:MSC) Momentum Rank : 5 (As of May. 24, 2024)

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What is Metro Systems PCL Momentum Rank?

Metro Systems PCL has the Momentum Rank of 5.

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 Metro Systems PCL's Momentum Rank

For the Electronics & Computer Distribution subindustry, Metro Systems 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.

Metro Systems PCL's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Metro Systems PCL's Momentum Rank falls into.

Metro Systems PCL Momentum Rank Related Terms

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Metro Systems PCL (BKK:MSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metro Systems Corp PCL (BKK:MSC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Chalermprakiat Rama IX Road, Nong Bon, Prawet, Bangkok, THA, 10250

Website

http://www.metrosystems.co.th

Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales of computers and equipment, Installation software, Sales supplies, and office equipment; and Rental and other services. It derives key revenue from Sales of computers and equipment, and the Installation software segment. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.