Bio Green Energy Tech PCL (BKK:BIOTEC) Momentum Rank : 1 (As of May. 30, 2024)

View and export this data going back to 1989. Start your Free Trial

What is Bio Green Energy Tech PCL Momentum Rank?

Bio Green Energy Tech PCL has the Momentum Rank of 1.

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 Bio Green Energy Tech PCL's Momentum Rank

For the Specialty Chemicals subindustry, Bio Green Energy Tech 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.

Bio Green Energy Tech PCL's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Bio Green Energy Tech PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bio Green Energy Tech PCL's Momentum Rank falls into.

Bio Green Energy Tech PCL Momentum Rank Related Terms

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

Bio Green Energy Tech PCL (BKK:BIOTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bio Green Energy Tech PCL (BKK:BIOTEC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukumvit Road, 153 Mano Tower, Soi Sukumvit 39, Klongtonnua, Wattana, Bangkok, THA, 10110

Website

https://www.biogreen-energytech.com

Bio Green Energy Tech PCL is a Thailand-based maritime service provider. The principal activities of the company are marine transportation, and manufacturing and distributing biodiesel and glycerine products. The Group has two reportable segments which comprise manufacturing and distributing biodiesel and glycerine products, and marine transportation.

Bio Green Energy Tech PCL (BKK:BIOTEC) Headlines

No Headlines