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PT Bayu Buana Tbk (ISX:BAYU) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is PT Bayu Buana Tbk Momentum Rank?

PT Bayu Buana Tbk has the Momentum Rank of 0.

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.

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PT Bayu Buana Tbk (ISX:BAYU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PT Bayu Buana Tbk (ISX:BAYU) » Definitions » Momentum Rank
Comparable Companies
HKSE:08063 ROCO:6242 ASX:BBL TSE:7847 HKSE:01701 BSE:TUFE BSP:BMKS3 XKLS:1481 HKSE:03830 KUW:FUTUREKID GLXZ ROCO:8933 SGX:1H4 XKRX:123750 BOM:533144 ROCO:9960 XSGO:COLO COLO TSE:7608 JAKK TSE:6570
Traded in Other Exchanges
N/A
Address
Jalan Ir. H. Juanda III No. 2, Jakarta, IDN, 10120
Website
https://www.bayubuanatravel.com
PT Bayu Buana Tbk is an Indonesia-based company that is engaged in providing travel agency services. Its activities include arranging and selling overseas tour packages; organizing and selling travel services for cruises and arranging tour guiding and tour conducting services. It is also involved in providing vehicle rental facilities for tourists, selling tickets for transportation and other purposes, providing tour reservation facilities, and preparing travel documents. The company operates in three segments: Ticket, Tour, and others out of which it generates maximum revenue from the Tickets segment.

PT Bayu Buana Tbk (ISX:BAYU) Headlines

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