Tata Steel Thailand PCL (BKK:TSTH) Momentum Rank : 2 (As of May. 16, 2024)

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What is Tata Steel Thailand PCL Momentum Rank?

Tata Steel Thailand PCL has the Momentum Rank of 2.

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 Tata Steel Thailand PCL's Momentum Rank

For the Steel subindustry, Tata Steel 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.

Tata Steel Thailand PCL's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tata Steel Thailand PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tata Steel Thailand PCL's Momentum Rank falls into.

Tata Steel Thailand PCL Momentum Rank Related Terms

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Tata Steel Thailand PCL (BKK:TSTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Thailand PCL (BKK:TSTH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MVX:Germany

Address

555 Phaholyothin Road, Rasa Tower 2, 20th Floor, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900

Website

https://www.tatasteelthailand.com

Tata Steel Thailand PCL is a Thailand-based holding company which is engaged in investing in other companies and providing management services. It is engaged in manufacturing, rendering manufacturing services, distributing and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment being the Manufacturing and distribution of long steel products. The product line of the company includes rebar, deformed bar, round bar, seismic bar, cut and bend bars, wire roads including high carbon wire rods and low carbon, special wire rods, and others.

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