S Khonkaen Foods PCL (BKK:SORKON) Momentum Rank : 10 (As of May. 13, 2024)

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What is S Khonkaen Foods PCL Momentum Rank?

S Khonkaen Foods PCL has the Momentum Rank of 10.

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 S Khonkaen Foods PCL's Momentum Rank

For the Packaged Foods subindustry, S Khonkaen Foods 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.

S Khonkaen Foods PCL's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where S Khonkaen Foods PCL's Momentum Rank falls into.

S Khonkaen Foods PCL Momentum Rank Related Terms

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S Khonkaen Foods PCL (BKK:SORKON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » S Khonkaen Foods PCL (BKK:SORKON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukhumvit 71 Road (Pridi Banomyong), 259/13 Soi Pridi Banomyong 13, Phrakanong Nuer, Vadhana, Bangkok, THA, 10110

Website

https://www.sorkon.co.th

S Khonkaen Foods PCL is principally engaged in the manufacture and distribution of processed food products from meat and seafood, restaurants, and swine farm. The company's four reportable segments are Processed food from pork, Processed seafood, Restaurants, and Swine farm, of which key revenue is derived from the Processed food from pork and Processed seafood segment. The group has a business presence in Thailand and Other countries. The majority of revenue is derived from Thailand.

S Khonkaen Foods PCL (BKK:SORKON) Headlines

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