SCG Packaging PCL (BKK:SCGP) Momentum Rank : 4 (As of May. 14, 2024)

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What is SCG Packaging PCL Momentum Rank?

SCG Packaging PCL has the Momentum Rank of 4.

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 SCG Packaging PCL's Momentum Rank

For the Packaging & Containers subindustry, SCG Packaging 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.

SCG Packaging PCL's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, SCG Packaging PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SCG Packaging PCL's Momentum Rank falls into.

SCG Packaging PCL Momentum Rank Related Terms

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SCG Packaging PCL (BKK:SCGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SCG Packaging PCL (BKK:SCGP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

5Y7A:Germany

Address

1 Siam Cement Road, Bangsue, Bangkok, THA, 10800

Website

https://www.scgpackaging.com

SCG Packaging PCL is an integrated packaging solutions provider. Its business is divided into three business segments: Integrated Packaging Business, Fibrous Business and Recycling Business and Others. The company's products and services include Packaging; Smart packaging; Food container products; Paper and pulp; Wood business; Design services; Service for marketing activities; and Wastepaper purchase service For recycling. Majority of the firm's revenue gets derived from the Integrated Packaging Business segment that manufactures and sells packaging paper, various types of packaging, including fiber-based packaging and performance and polymer packaging, flexible packaging, and rigid packaging. Key revenue comes from domestic sales in Thailand.

SCG Packaging PCL (BKK:SCGP) Headlines

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