PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is PT Mandiri Herindo Adiperkasa Tbk Momentum Rank?

PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senopati Raya No. 8B, Gedung Office 8, Floor 31, Unit A, SCBD Lot 28, Jakarta, IDN, 12190

Website

https://www.mha.co.id

PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates majority of its revenue from East Kalimantan segment.

PT Mandiri Herindo Adiperkasa Tbk Headlines

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