M.K. Real Estate Development PCL (BKK:MK) Momentum Rank : 1 (As of May. 25, 2024)

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What is M.K. Real Estate Development PCL Momentum Rank?

M.K. Real Estate Development 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 M.K. Real Estate Development PCL's Momentum Rank

For the Real Estate - Development subindustry, M.K. Real Estate Development 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.

M.K. Real Estate Development PCL's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, M.K. Real Estate Development PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where M.K. Real Estate Development PCL's Momentum Rank falls into.

M.K. Real Estate Development PCL Momentum Rank Related Terms

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M.K. Real Estate Development PCL (BKK:MK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » M.K. Real Estate Development PCL (BKK:MK) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 345, Surawong Road, 6th - 8th Floor, 345 Surawong Building, Suriyawong Sub-District, BangRak District, Bangkok, THA, 10500

Website

https://www.mk.co.th

M.K. Real Estate Development PCL is a Thailand based real estate developer. Its principal activities are land and building development, house and condominium construction, building and parking rental and golf course business. Its business is divided into five segments including Real estate, Rental warehouse, factory, and others, Golf services and sport club, Property management, and Health and wellness center. Its house construction consists of a single house, twin house, and townhome. The company generates the majority of the revenue from the real estate division.

M.K. Real Estate Development PCL (BKK:MK) Headlines

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