GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Thac Mo Hydro Power JSC (STC:TMP) » Definitions » Momentum Rank

Thac Mo Hydro Power JSC (STC:TMP) Momentum Rank : 0 (As of Jun. 04, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Thac Mo Hydro Power JSC Momentum Rank?

Thac Mo Hydro Power JSC has the Momentum Rank of 0.

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.

Thac Mo Hydro Power JSC Momentum Rank Related Terms

Thank you for viewing the detailed overview of Thac Mo Hydro Power JSC's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Thac Mo Hydro Power JSC (STC:TMP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Thac Mo Hydro Power JSC (STC:TMP) » Definitions » Momentum Rank
Comparable Companies
STC:PPC STC:TBC SHSE:600900 HKSE:01816 BOM:533096 SHSE:600011 VST LSE:CNA HKSE:00006 BOM:539254 NRG HKSE:00836 BOM:500400 SHSE:600674 SHSE:600023 NSE:JSWENERGY SHSE:601991 BUE:PAMP DFM:EMPOWER ASX:AGL
Traded in Other Exchanges
N/A
Address
Area 5, Phuoc Long Town, Binh Phuoc Province, Ho Chi Minh City, VNM
Website
http://www.tmhpp.com.vn
Thac Mo Hydro Power JSC is a Vietnam based company engaged in the business activity of generating and trading electricity. It also trades hydroelectrical equipment and maintains and operates a power plant. The other activities in which the organization is involved are investing in power source projects and Consulting on the establishment, management and supervision of construction projects.