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Information and Communication Networks PCL (BKK:ICN) Momentum Rank : 3 (As of May. 14, 2024)


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What is Information and Communication Networks PCL Momentum Rank?

Information and Communication Networks PCL has the Momentum Rank of 3.

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 Information and Communication Networks PCL's Momentum Rank

For the Telecom Services subindustry, Information and Communication Networks 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.


Information and Communication Networks PCL's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Information and Communication Networks PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Information and Communication Networks PCL's Momentum Rank falls into.



Information and Communication Networks PCL Momentum Rank Related Terms

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Information and Communication Networks PCL (BKK:ICN) Business Description

Traded in Other Exchanges
N/A
Address
Number 393, Sukontasawat Road, D.K.J. Building, 5th Floor, Ladprao Sub-district, Ladprao District, Bangkok, THA, 10230
Information and Communication Networks PCL is engaged in the system integration in the telecommunication business. Its operations are carried only in Thailand. The company is also involved in a Turnkey project which includes the design and installation of the telecommunication system and network construction, expansion, and improvement. The company also provides supply and maintenance of telecommunication, construction, and electrical systems.

Information and Communication Networks PCL (BKK:ICN) Headlines

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