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Chase Asia PCL (BKK:CHASE) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Chase Asia PCL Momentum Rank?

Chase Asia 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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Chase Asia PCL (BKK:CHASE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Chase Asia PCL (BKK:CHASE) » Definitions » Momentum Rank
Comparable Companies
BKK:NCAP BKK:SGC BKK:TK BKK:AMANAH BKK:MICRO BKK:AF BKK:ECL BKK:IFS BKK:SM BKK:MIDA V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN SYF
Traded in Other Exchanges
N/A
Address
Vibhavadi Rangsit Road, No. 8/9-10 Soi Vibhavadi Rangsit 44, Ladyao Subdistrict, Chatuchak District, Bangkok, THA, 10900
Website
https://www.chase.co.th
Chase Asia PCL is an investment holding company. The company's segment includes Debt collection service; Management of non-performing assets and Lending service. It generates maximum revenue from the Management of non-performing assets segment.

Chase Asia PCL (BKK:CHASE) Headlines

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