Karmarts PCL (BKK:KAMART) Momentum Rank : 9 (As of May. 25, 2024)

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What is Karmarts PCL Momentum Rank?

Karmarts PCL has the Momentum Rank of 9.

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 Karmarts PCL's Momentum Rank

For the Household & Personal Products subindustry, Karmarts 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.

Karmarts PCL's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Karmarts PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Karmarts PCL's Momentum Rank falls into.

Karmarts PCL Momentum Rank Related Terms

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Karmarts PCL (BKK:KAMART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Karmarts PCL (BKK:KAMART) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phetchakasem Road, 81-81/1 Soi Phetchakasem 54 sub 3, Bangduan, Phasicharoen, Bangkok, THA, 10160

Website

https://www.karmarts.co.th

Karmarts PCL is engaged in the manufacture and distribution of cosmetics and consumer products, and the provision of warehouse rental and warehouse services. The company operates in three segments: Manufacture and distribution of consumer products, Warehouse rental and Investment properties and distribution of by-products and agriculture segment. A majority of the firm's revenue is generated through the Manufacture and Distribution of Consumer Products segment. The group's operations are mainly located in Thailand. Some of the company's brands are Bergamo, Oppa style, Cathy doll and Jejuvita.

Karmarts PCL (BKK:KAMART) Headlines

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