PT Itama Ranoraya Tbk (ISX:IRRA) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is PT Itama Ranoraya Tbk Momentum Rank?

PT Itama Ranoraya Tbk has the Momentum Rank of 5.

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 Itama Ranoraya Tbk's Momentum Rank

For the Medical Distribution subindustry, PT Itama Ranoraya 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 Itama Ranoraya Tbk's Momentum Rank Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, PT Itama Ranoraya Tbk's Momentum Rank distribution charts can be found below:

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

PT Itama Ranoraya Tbk Momentum Rank Related Terms

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PT Itama Ranoraya Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » PT Itama Ranoraya Tbk (ISX:IRRA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. KH. Teacher Amin No. 18, ITS Tower Lt.21 Nifarro Park, Sunday market, South Jakarta, Jakarta, IDN, 12510

Website

https://www.itama.co.id

PT Itama Ranoraya Tbk focuses on the trade and distribution of medical devices. The company distributes medical devices such as Oneject auto disable syringe, Abbott diagnostics, TerumoBCT, Ortho Clinical diagnostics and others. The key revenue generating segments of the company are Sterile Non-Electromedical Medical Equipment and In Vitro Diagnostic product.

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