Symphony Communication PCL (BKK:SYMC) Momentum Rank : 6 (As of May. 11, 2024)

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What is Symphony Communication PCL Momentum Rank?

Symphony Communication PCL has the Momentum Rank of 6.

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 Symphony Communication PCL's Momentum Rank

For the Telecom Services subindustry, Symphony Communication 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.

Symphony Communication PCL's Momentum Rank Distribution in the Telecommunication Services Industry

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

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

Symphony Communication PCL Momentum Rank Related Terms

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Symphony Communication PCL (BKK:SYMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Symphony Communication PCL (BKK:SYMC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vibhavadee Rangsit Road, 123 Suntowers Building B, 35th-36th Floor, Chomphon, Chatuchak, Bangkok, THA, 10900

Website

https://www.symphony.net.th

Symphony Communication PCL is engaged in the provision of communication high-speed circuit services. The company has been granted licenses from the National Broadcasting and Telecommunications Commission (NBTC) to provide telecommunication services. It includes Telecom Operation License Type 1, Telecom Operation License Type 2, and Telecom Operation License Type 3. The company's products and service lines include connectivity service, network equipment, installation of network equipment, and maintenance service of network equipment of which key revenue is derived from the connectivity service.

Symphony Communication PCL (BKK:SYMC) Headlines

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