Bangchak PCL (FRA:7BP1) Momentum Rank : 7 (As of Jun. 06, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Bangchak PCL Momentum Rank?

Bangchak PCL has the Momentum Rank of 7.

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 Bangchak PCL's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, Bangchak 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.

Bangchak PCL's Momentum Rank Distribution in the Oil & Gas Industry

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

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

Bangchak PCL Momentum Rank Related Terms

Thank you for viewing the detailed overview of Bangchak PCL's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Bangchak PCL (FRA:7BP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bangchak Corp PCL (FRA:7BP1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BCP:Thailand

Address

Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260

Website

https://www.bangchak.co.th

Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. Crude oil for refining can be gathered from both domestic and international sources, and processed into a variety of petroleum products. Gasoline and diesel fuels are marketed to customers in the industrial, transport, aviation, marine, construction, and agriculture sectors. The company also offers petroleum products at its line of retail stations around Thailand. In addition to its refinery business, Bangchak produces power from solar farms, biomass energy, and petroleum exploration and production.

Bangchak PCL (FRA:7BP1) Headlines

No Headlines