Nation Group (Thailand) PCL (BKK:NATION-R) Momentum Rank : 1 (As of May. 14, 2024)

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What is Nation Group (Thailand) PCL Momentum Rank?

Nation Group (Thailand) PCL has the Momentum Rank of 1.

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 Nation Group (Thailand) PCL's Momentum Rank

For the Publishing subindustry, Nation Group (Thailand) 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.

Nation Group (Thailand) PCL's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nation Group (Thailand) PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nation Group (Thailand) PCL's Momentum Rank falls into.

Nation Group (Thailand) PCL Momentum Rank Related Terms

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Nation Group (Thailand) PCL (BKK:NATION-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nation Group (Thailand) PCL (BKK:NATION-R) » Definitions » Momentum Rank

Traded in Other Exchanges

NATION:Thailand

Address

Debaratna Road, 1854, 9th, 10th and 11th Floors, Bangna-Tai, Bangna, Bangkok, THA, 10260

Website

https://www.nationgroup.com

Nation Group (Thailand) PCL is a Thailand-based company. The company is engaged in the publishing and distribution of newspapers and publishing, providing advertising and news services and others. Its operating segment includes Publishing and advertising; Broadcasting and related online and event. The company generates maximum revenue from offering advertising services. The group principally operates in Thailand.

Nation Group (Thailand) PCL (BKK:NATION-R) Headlines

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