Thai Vegetable Oil PCL (BKK:TVO) Momentum Rank : 3 (As of May. 27, 2024)

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What is Thai Vegetable Oil PCL Momentum Rank?

Thai Vegetable Oil PCL has the Momentum Rank of 3.

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 Vegetable Oil PCL's Momentum Rank

For the Packaged Foods subindustry, Thai Vegetable Oil 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 Vegetable Oil PCL's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Thai Vegetable Oil PCL's Momentum Rank falls into.

Thai Vegetable Oil PCL Momentum Rank Related Terms

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Thai Vegetable Oil PCL (BKK:TVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Vegetable Oil PCL (BKK:TVO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TVTB:Germany

Address

149 Ratchadapisek Road (Thapra-Taksin), Bukkhalo Sub-District, Thonburi District, Bangkok, THA, 10600

Website

http://www.tvothai.com

Thai Vegetable Oil PCL manufactures and distributes products both in the domestic and International markets. Its product categories are meal and edible oil. The company has three reportable segments namely, the manufacture and distribution of products from the soybean segment, which is the manufacture and distribution of soy meal and soybean oil, the manufacture and distribution of packaging products, and Other segment, which is the distribution of consumer products. The company operates in Thailand only.

Thai Vegetable Oil PCL (BKK:TVO) Headlines

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