Italian-Thai Development PCL (Italian-Thai Development PCL) Momentum Rank : 4 (As of May. 12, 2024)

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What is Italian-Thai Development PCL Momentum Rank?

Italian-Thai Development PCL has the Momentum Rank of 4.

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 Italian-Thai Development PCL's Momentum Rank

For the Engineering & Construction subindustry, Italian-Thai 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.

Italian-Thai Development PCL's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Italian-Thai Development PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Italian-Thai Development PCL's Momentum Rank falls into.

Italian-Thai Development PCL Momentum Rank Related Terms

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Italian-Thai Development PCL (Italian-Thai Development PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Italian-Thai Development PCL (OTCPK:ITHDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ITD:Thailand NYVF:Germany

Address

New Petchburi Road, 2034/132-161 Italthai Tower, Bangkapi, Huay Kwang, Bangkok, THA, 10310

Website

https://www.itd.co.th

Italian-Thai Development PCL is principally engaged in construction services and other services related to construction support, providing soil and coal extraction and removal services, real estate business, manufacturing and selling construction materials and products, including investments in other projects in Thailand and overseas.

Italian-Thai Development PCL (Italian-Thai Development PCL) Headlines

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