Thai Metal Drum Manufacturing PCL (BKK:TMD) Momentum Rank : 10 (As of May. 29, 2024)

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What is Thai Metal Drum Manufacturing PCL Momentum Rank?

Thai Metal Drum Manufacturing PCL 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 Thai Metal Drum Manufacturing PCL's Momentum Rank

For the Packaging & Containers subindustry, Thai Metal Drum Manufacturing 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.

Thai Metal Drum Manufacturing PCL's Momentum Rank Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Thai Metal Drum Manufacturing PCL's Momentum Rank falls into.

Thai Metal Drum Manufacturing PCL Momentum Rank Related Terms

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Thai Metal Drum Manufacturing PCL (BKK:TMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Metal Drum Manufacturing PCL (BKK:TMD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

193/142 Rachadapisek Road, 35th Floor, Lake Rajada Office Complex, Klongtoey, Bangkok, THA, 10110

Website

https://www.thaimetaldrum.com

Thai Metal Drum Manufacturing PCL is a Thailand based metal drum manufacturing company. The firm is mainly engaged in the manufacturing and distribution of nearly 200-litre steel drums. Its products include Steel Drum, tight head drum and open head drum. It is also engaged in the manufacturing and distribution of Preform tubes, PET bottles, and Polypropylene (PP) corrugated sheets. The business operating segment includes Productions and Sales of Metal drums, Production and Sales of Plastic Products, Rental and service income and Others. Majority of revenue is generated from Productions and Sales of Metal drums. Substantial revenue is generated from Productions and Sales of Metal drums.

Thai Metal Drum Manufacturing PCL (BKK:TMD) Headlines

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