GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Informasi Teknologi Indonesia Tbk (ISX:JATI) » Definitions » Momentum Rank

PT Informasi Teknologi Indonesia Tbk (ISX:JATI) Momentum Rank : 0 (As of May. 22, 2024)


View and export this data going back to 2023. Start your Free Trial

What is PT Informasi Teknologi Indonesia Tbk Momentum Rank?

PT Informasi Teknologi Indonesia 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.


PT Informasi Teknologi Indonesia Tbk Momentum Rank Related Terms

Thank you for viewing the detailed overview of PT Informasi Teknologi Indonesia Tbk's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Informasi Teknologi Indonesia Tbk (ISX:JATI) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Mampang Prapatan Raya No. 3, Graha orange tower B 2 Floor, Jakarta, IDN, 12790
PT Informasi Teknologi Indonesia Tbk is engaged mainly in information service activities, programming activities, computer consulting, and telecommunications. The main business activities include Premium SMS Content Services business, data communication system service business, Artificial Intelligence Based Programming Activities, Other Computer Programming Activities, Web Portals and/or Digital Platforms with Commercial Purposes, computer and equipment retail, and software retail business activities. The company's reportable segments are Sms broadcast, Whatsapp, and Other services. The majority of revenue is derived from the Sms broadcast segment.

PT Informasi Teknologi Indonesia Tbk (ISX:JATI) Headlines

No Headlines