N.C. Housing PCL (BKK:NCH) Momentum Rank : 7 (As of May. 24, 2024)

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What is N.C. Housing PCL Momentum Rank?

N.C. Housing PCL has the Momentum Rank of 7.

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 N.C. Housing PCL's Momentum Rank

For the Real Estate - Development subindustry, N.C. Housing 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.

N.C. Housing PCL's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, N.C. Housing PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where N.C. Housing PCL's Momentum Rank falls into.

N.C. Housing PCL Momentum Rank Related Terms

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N.C. Housing PCL (BKK:NCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » N.C. Housing PCL (BKK:NCH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Soi Amporn Phaholyothin Road K.M. 26, 1/765 Moo 17, Tambol Kukod, Aumpur Lumlookka, Patumtanee, THA, 12130

Website

https://www.ncgroup.co.th

N.C. Housing PCL is engaged in the development of the real estate properties business. The group operate its business as a real estate developer for trade in various areas such as houses for sale including the land development, providing construction services, condominium for sale, providing rental space in clubhouse and health rehabilitation and senior care center, among others. It operates in the segments of Real Estate, Rental and Services, Contractor, Property Manager Services and Wellness services. The company generates prime revenue from the Real Estate segment, and carries its operations in Thailand.

N.C. Housing PCL (BKK:NCH) Headlines

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