BlueVenture Group PCL (BKK:BVG) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is BlueVenture Group PCL Momentum Rank?

BlueVenture Group PCL 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.

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BlueVenture Group PCL (BKK:BVG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Rajchadapisek Road, 48/21 Soi Rajchadapisek 20, Samsennok Sub-district, Huaykwang District, Bangkok, THA, 10310

Website

https://www.blueventuregroup.co.th

BlueVenture Group PCL operates into business units based on its business types of businesses, Providing system services related to Motor insurance, Claims evaluation service and other service business. Each segment is different in service The Company is principally engaged in the provision of consultant services in relation to repair, loss and claim survey for motor vehicles. The Group operates in Thailand.

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