PT Bank Central Asia Tbk (FRA:BZG2) Momentum Rank : 3 (As of Oct. 31, 2024)

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What is PT Bank Central Asia Tbk Momentum Rank?

PT Bank Central Asia Tbk 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 PT Bank Central Asia Tbk's Momentum Rank

For the Banks - Regional subindustry, PT Bank Central Asia 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 Central Asia Tbk's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Central Asia Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Bank Central Asia Tbk's Momentum Rank falls into.

PT Bank Central Asia Tbk Momentum Rank Related Terms

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PT Bank Central Asia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PT Bank Central Asia Tbk (FRA:BZG2) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PBCRY:USA PBCRF:USA BBCA:Indonesia

Address

Jalan. M.H. Thamrin No. 1, Menara BCA, Grand Indonesia, Jakarta, IDN, 10310

Website

https://www.bca.co.id

PT Bank Central Asia Tbk is an Indonesian based banking service provider operating as a Sharia bank. The bank provides various financial solutions to its customers through its inter-branch links, ATM network, and electronic banking services. It offers loans, accepts deposits, mutual fund investments fixed income products and credit facilities. Its segments are Loans; Treasury and Others. The customer base mainly includes individuals, small and medium businesses and corporations. Its business segment is classified into five geographic areas, which are Sumatera, Java, Kalimantan, East Indonesia and overseas operation.

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