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PT Inti Agri Resources Tbk (ISX:IIKP) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is PT Inti Agri Resources Tbk Momentum Rank?

PT Inti Agri Resources Tbk has the Momentum Rank of 0.

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.

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PT Inti Agri Resources Tbk (ISX:IIKP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Inti Agri Resources Tbk (ISX:IIKP) » Definitions » Momentum Rank
Comparable Companies
CAI:POUL.CA BUE:LEDE TSE:1381 WAR:OVO TSE:3541 WAR:IMC TSE:8041 XSWX:GMI XKRX:073560 NSA:OKMO ISX:PALM TPE:1233 XKLS:1929 HKSE:01492 NZSE:SEK XKLS:4383 OVSE:LNA1L LIM:EXALMC1 SAU:6040 ASX:SFG
Traded in Other Exchanges
N/A
Address
Puri Britania T7 No.B27-29, Puri Kembangan, Jakarta Barat, Jakarta, IDN, 11610
Website
https://www.shelookred.com
PT Inti Agri Resources Tbk is an Indonesia-based company engaged in cultivating and trading super red Arowana fish. It breeds super red Arowana, which it markets under the brand name ShelookRED.

PT Inti Agri Resources Tbk (ISX:IIKP) Headlines

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