PT Adaro Energy Indonesia Tbk (ISX:ADRO) 12-1 Month Momentum % : -11.61% (As of Apr. 28, 2024)

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What is PT Adaro Energy Indonesia Tbk 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-28), PT Adaro Energy Indonesia Tbk's 12-1 Month Momentum % is -11.61%.

The industry rank for PT Adaro Energy Indonesia Tbk's 12-1 Month Momentum % or its related term are showing as below:

ISX:ADRO's 12-1 Month Momentum % is ranked worse than
64.64% of 181 companies
in the Other Energy Sources industry
Industry Median: 1.75 vs ISX:ADRO: -11.61

Competitive Comparison of PT Adaro Energy Indonesia Tbk's 12-1 Month Momentum %

For the Thermal Coal subindustry, PT Adaro Energy Indonesia Tbk's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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 Adaro Energy Indonesia Tbk's 12-1 Month Momentum % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Adaro Energy Indonesia Tbk's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where PT Adaro Energy Indonesia Tbk's 12-1 Month Momentum % falls into.

PT Adaro Energy Indonesia Tbk (ISX:ADRO) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Adaro Energy Indonesia Tbk (ISX:ADRO) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

PT Adaro Energy Indonesia Tbk 12-1 Month Momentum % Related Terms

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PT Adaro Energy Indonesia Tbk (ISX:ADRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Adaro Energy Indonesia Tbk (ISX:ADRO) » Definitions » 12-1 Month Momentum %

Traded in Other Exchanges

PADEF:USA ADOOY:USA A64:Germany

Address

Jalan H.R. Rasuna Said, Block X-5, Menara Karya Lantai, 23rd Floor, Kav. 1-2, Jakarta, IDN, 12950

Website

https://www.adaro.com

PT Adaro Energy Indonesia Tbk is an Indonesia-based energy group that focuses on integrated coal mining. The company's primary location is in the Tabalong district in South Kalimantan, where its subsidiary PT Adaro Indonesia operates the single-site coal mine in the southern hemisphere. The company produces thermal coal, which is marketed under the brand name Envirocoal. The company's main customers are blue-chip power utilities, and roughly three-quarters of its coal is produced for foreign customers, with the remainder in Indonesia. In addition to the core mining business, the company also engages in barging, ship-loading, dredging, port services, marketing, and power generation. Its segment comprises coal mining and trading, mining services, logistics, and others.