PT Fap Agri Tbk (ISX:FAPA) Momentum Rank : 7 (As of Jun. 08, 2024)

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What is PT Fap Agri Tbk Momentum Rank?

PT Fap Agri Tbk has the Momentum Rank of 7.

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 Fap Agri Tbk's Momentum Rank

For the Farm Products subindustry, PT Fap Agri 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 Fap Agri Tbk's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Fap Agri Tbk's Momentum Rank falls into.

PT Fap Agri Tbk Momentum Rank Related Terms

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PT Fap Agri Tbk (ISX:FAPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Fap Agri Tbk (ISX:FAPA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liberty Tower 16th Floor A-H, Gold Coast Building, Jl. Pantai Indah Kapuk, RT06/RW02, Kamal Muara, Penjaringan, Jakarta, IDN, 11470

Website

https://www.fap-agri.com

PT Fap Agri Tbk is involved in the production of agricultural products. The company is engaged in Palm Oil Plantation and Industry Activities through Subsidiaries. FAP Agri Group operations cover activities such as oil palm plantation, palm oil mill, and kernel crushing plant. The products are Fresh Fruit Bunches, Crude Palm Oil, Palm Kernel Oil, Palm Kernel, and Palm Kernel Expeller.

PT Fap Agri Tbk (ISX:FAPA) Headlines

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