PT Digital Mediatama Maxima Tbk (ISX:DMMX) Momentum Rank : 9 (As of Dec. 11, 2024)

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What is PT Digital Mediatama Maxima Tbk Momentum Rank?

PT Digital Mediatama Maxima 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 Digital Mediatama Maxima Tbk's Momentum Rank

For the Advertising Agencies subindustry, PT Digital Mediatama Maxima 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 Digital Mediatama Maxima Tbk's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT Digital Mediatama Maxima Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Digital Mediatama Maxima Tbk's Momentum Rank falls into.

PT Digital Mediatama Maxima Tbk Momentum Rank Related Terms

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PT Digital Mediatama Maxima Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PT Digital Mediatama Maxima Tbk (ISX:DMMX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Jend. Gatot Subroto Kav. 1-3, Mangkuluhur City Tower One, 18th Floor, Karet Semanggi, Jakarta Selatan, DKI Jakarta, Jakarta, IDN, 12930

Website

https://www.dmmgroup.id

PT Digital Mediatama Maxima Tbk s a digital trade marketing and cloud advertising exchange platform providing end-to-end services from content management and programmatic advertising to a sales acquisition program. The company's operating segment includes trade marketing; hardware sales; manage services; infrastructure as a service and an advertising exchange hub, Digital wholesale, Content and entertainment. The company generates maximum revenue from the trade marketing segment.

PT Digital Mediatama Maxima Tbk Headlines

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