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PT Bank Mandiri (Persero) Tbk (PT Bank Mandiri (Persero) Tbk) Momentum Rank : 9 (As of May. 04, 2024)


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What is PT Bank Mandiri (Persero) Tbk Momentum Rank?

PT Bank Mandiri (Persero) Tbk has the Momentum Rank of 9.

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 PT Bank Mandiri (Persero) Tbk's Momentum Rank

For the Banks - Regional subindustry, PT Bank Mandiri (Persero) Tbk'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.

PT Bank Mandiri (Persero) Tbk's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Mandiri (Persero) Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Bank Mandiri (Persero) Tbk's Momentum Rank falls into.


PT Bank Mandiri (Persero) Tbk Momentum Rank Related Terms

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PT Bank Mandiri (Persero) Tbk (PT Bank Mandiri (Persero) Tbk) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PT Bank Mandiri (Persero) Tbk (OTCPK:PPERF) » Definitions » Momentum Rank
Comparable Companies
ISX:BBRI ISX:BBNI ISX:BRIS ISX:MEGA ISX:BNGA ISX:BNLI ISX:PNBN ISX:BBHI ISX:BDMN ISX:NISP CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
PPERY:USA BMRI:Indonesia PQ9:Germany
Address
Jalan Jenderal Gatot Subroto Kav. 36-38, Plaza Mandiri, Jakarta, IDN, 12190
Website
https://www.bankmandiri.co.id
PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its wide range of products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank's strategy emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries.