PT Bumi Resources Minerals Tbk (STU:BUR) Momentum Rank : 10 (As of Jun. 18, 2024)

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What is PT Bumi Resources Minerals Tbk Momentum Rank?

PT Bumi Resources Minerals Tbk has the Momentum Rank of 10.

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 Bumi Resources Minerals Tbk's Momentum Rank

For the Other Industrial Metals & Mining subindustry, PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Bumi Resources Minerals Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Bumi Resources Minerals Tbk's Momentum Rank falls into.

PT Bumi Resources Minerals Tbk Momentum Rank Related Terms

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PT Bumi Resources Minerals Tbk (STU:BUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Bumi Resources Minerals Tbk (STU:BUR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BRMS:Indonesia

Address

Jalan H.R. Rasuna Said Kuningan, Bakrie Tower, 6th and 10th Floors, Complex Rasuna Epicentrum, Kuningan, Jakarta, IDN, 12940

Website

https://www.bumiresourcesminerals.com

PT Bumi Resources Minerals Tbk is an Indonesia-based company primarily engaged in mining. The company's assets include copper, gold, zinc, lead, and other valuable metals. The group classifies its mining business into three core business segments which include Mining and services, investments, and holding companies. The investments segment consists of investment in shares of stock, funding, and financing. The holding company's activities include the setup of joint capital for the development of mines. Its mining and services segment of metal minerals is under exploration and development stages.