PT Champion Pacific Indonesia Tbk (ISX:IGAR) Momentum Rank : 9 (As of May. 22, 2024)

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What is PT Champion Pacific Indonesia Tbk Momentum Rank?

PT Champion Pacific Indonesia 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 Champion Pacific Indonesia Tbk's Momentum Rank

For the Packaging & Containers subindustry, PT Champion Pacific Indonesia 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 Champion Pacific Indonesia Tbk's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Champion Pacific Indonesia Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Champion Pacific Indonesia Tbk's Momentum Rank falls into.

PT Champion Pacific Indonesia Tbk Momentum Rank Related Terms

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PT Champion Pacific Indonesia Tbk (ISX:IGAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PT Champion Pacific Indonesia Tbk (ISX:IGAR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Sultan Agung Km. 28.5, Kota Baru Kotamadya, P.O. Box 151, Bekasi Barat, Bekasi, IDN, 17133

Website

https://www.champion.co.id

PT Champion Pacific Indonesia Tbk is engaged in the field of industry, trade, transportation, printing, representatives, agency, engineering work and, services. The company has a couple of main business activities, including the business of container, packaging and equipment manufacturers as well as other general tradings. Their business consists of only segment that is sales of flexible packaging to customers. The pharmaceutical section generates maximum revenue for the company.

PT Champion Pacific Indonesia Tbk (ISX:IGAR) Headlines

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