Thai Oil PCL (Thai Oil PCL) Momentum Rank : 3 (As of May. 21, 2024)

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What is Thai Oil PCL Momentum Rank?

Thai Oil PCL has the Momentum Rank of 3.

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 Thai Oil PCL's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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.

Thai Oil PCL's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Thai Oil PCL's Momentum Rank distribution charts can be found below:

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

Thai Oil PCL Momentum Rank Related Terms

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Thai Oil PCL (Thai Oil PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Thai Oil PCL (OTCPK:TOIPF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TOIPY:USA TOP:Thailand LQZ1:Germany

Address

11th Floor, Vibhavadi Rangsit Road, 555/1 Energy Complex Building A, Kwang Chatuchak, Khet Chatuchak, Bangkok, THA, 10900

Website

https://www.thaioilgroup.com

Thai Oil PCL is a refiner and supplier of petroleum products. Based out of Thailand, the company's refinery unit produces the most revenue of its various business segments. Thai Oil's refined products primarily consist of middle-distillation fuels such as jet fuel, kerosene, and diesel fuel. Once refined, petroleum products can be transported by the midstream business, Thai Petroleum Pipeline. In addition to the transportation and refinery segments, Thai Oil produces aromatics, which are used in products like detergent. Power generation, alternative energy, and chemical production are also byproducts of Thai Oil and its many subsidiaries.

Thai Oil PCL (Thai Oil PCL) Headlines

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