PT Link Net Tbk (ISX:LINK) Momentum Rank : 2 (As of May. 20, 2024)

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What is PT Link Net Tbk Momentum Rank?

PT Link Net Tbk has the Momentum Rank of 2.

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 Link Net Tbk's Momentum Rank

For the Telecom Services subindustry, PT Link Net 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 Link Net Tbk's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Link Net Tbk's Momentum Rank distribution charts can be found below:

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

PT Link Net Tbk Momentum Rank Related Terms

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PT Link Net Tbk (ISX:LINK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Link Net Tbk (ISX:LINK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jend. Gatot Subroto Kav. 24-25, Centennial Tower Lantai 26 Unit D, Kuningan Timur, Setiabudi, Jakarta, IDN, 12930

Website

https://www.linknet.co.id

PT Link Net Tbk is a telecommunications company. The company derives revenue from the provision of broadband Internet services and cable TV services to both residential and business customers. The company operates through divisions, Broadband Internet and Network Services, and Cable Television Services. The majority of overall company revenues are earnt through subscription fees from the provision of broadband internet and network services. The company is an owner of a telecommunications infrastructure, specifically Hybrid Fibre-Coaxial cable. The company generates the vast majority of its revenue in Indonesia.