Siamgas And Petrochemicals PCL (BKK:SGP) Momentum Rank : 1 (As of May. 17, 2024)

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What is Siamgas And Petrochemicals PCL Momentum Rank?

Siamgas And Petrochemicals 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 Siamgas And Petrochemicals PCL's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, Siamgas And Petrochemicals 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.

Siamgas And Petrochemicals PCL's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Siamgas And Petrochemicals PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Siamgas And Petrochemicals PCL's Momentum Rank falls into.

Siamgas And Petrochemicals PCL Momentum Rank Related Terms

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Siamgas And Petrochemicals PCL (BKK:SGP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 553, Ratchaprarop Road, 30th Floor, Tower A, The Palladium Building, Makkasan, Ratchathewi, Bangkok, THA, 10400

Website

https://www.siamgas.com

Siamgas And Petrochemicals PCL are engaged in the trading of liquefied petroleum gas and petrochemicals. It sells liquefied petroleum gas under two brands: SIAMGAS and UNIQUE GAS in Thailand and under SGGAS, SINGGAS, and MYGAZ brands in the Overseas market. Its segments include Petroleum & petrochemical products, which is engaged in trading of petroleum for household cooking, industry & transportation businesses, and petrochemical trading; Transportation services, which provides transportation services by land & ship; and Others segment, which is into Cylinder manufacturing, holding business and oil depots & port services. Its operations are carried out in Thailand, China, Singapore, Malaysia, and Vietnam. The company generates the majority of its revenue from the overseas market.

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