PT Asia Sejahtera Mina Tbk (ISX:AGAR) Momentum Rank : 9 (As of Apr. 29, 2025)

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What is PT Asia Sejahtera Mina Tbk Momentum Rank?

PT Asia Sejahtera Mina Tbk has the Momentum Rank of 9.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of PT Asia Sejahtera Mina Tbk's Momentum Rank

For the Farm Products subindustry, PT Asia Sejahtera Mina 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 Asia Sejahtera Mina Tbk's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Asia Sejahtera Mina Tbk's Momentum Rank distribution charts can be found below:

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

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PT Asia Sejahtera Mina Tbk Momentum Rank Related Terms

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PT Asia Sejahtera Mina Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Asia Sejahtera Mina Tbk (ISX:AGAR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl Dr. Makaliwe Raya No. 16 B, Kelurahan Grogol, Kecamatan Grogol Petamburan, Jakarta Barat, Jakarta, IDN

Website

http://asiamina.com

PT Asia Sejahtera Mina Tbk is engaged in the seaweed business. The company develops and cultivates seaweed. Its product portfolio includes Dried Eucheuma Cottonii Seaweed, Dried Eucheuma Spinosum Seaweed, and Dried Gracilaria Seaweed.

PT Asia Sejahtera Mina Tbk Headlines

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