PTT Exploration & Production PCL (BKK:PTTEP) Momentum Rank : 8 (As of Apr. 29, 2024)

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What is PTT Exploration & Production PCL Momentum Rank?

PTT Exploration & Production PCL has the Momentum Rank of 8.

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 PTT Exploration & Production PCL's Momentum Rank

For the Oil & Gas E&P subindustry, PTT Exploration & Production 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.

PTT Exploration & Production PCL's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PTT Exploration & Production PCL's Momentum Rank falls into.

PTT Exploration & Production PCL Momentum Rank Related Terms

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PTT Exploration & Production PCL (BKK:PTTEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PTT Exploration & Production PCL (BKK:PTTEP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PTXLF:USA PEXNY:USA PTTEP-F:Thailand TPED:Singapore PTTG:Germany

Address

Vibhavadi-Rangsit Road, 555/1 Energy Complex Building A, 6th and 19th –36th Floor, Chatuchak, Bangkok, THA, 10900

Website

https://www.pttep.com

PTT Exploration & Production PCL operates oil and gas production, development, and exploration projects globally. Projects are composed of both onshore and offshore operations and are sometimes underpinned by partnerships with other producers. Traditionally, natural gas has been the leading revenue generator for the group, however, sales have also been generated from crude oil, liquefied petroleum gas, condensate and bitumen. Alongside exploration and production activities, the company also engages in technology services, property leasing, gas transmission, and other businesses through subsidiaries.

PTT Exploration & Production PCL (BKK:PTTEP) Headlines

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