PT Medco Energi Internasional Tbk (ISX:MEDC) Momentum Rank : 6 (As of May. 23, 2024)

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What is PT Medco Energi Internasional Tbk Momentum Rank?

PT Medco Energi Internasional Tbk has the Momentum Rank of 6.

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 Medco Energi Internasional Tbk's Momentum Rank

For the Oil & Gas E&P subindustry, PT Medco Energi Internasional 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 Medco Energi Internasional Tbk's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Medco Energi Internasional Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Medco Energi Internasional Tbk's Momentum Rank falls into.

PT Medco Energi Internasional Tbk Momentum Rank Related Terms

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PT Medco Energi Internasional Tbk (ISX:MEDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Medco Energi Internasional Tbk (ISX:MEDC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PTGIF:USA

Address

SCBD Lot 11A, Jalan Jenderal Sudirman Kav. 52-53, The Energy Building, 53rd Floor, Jakarta, IDN, 12190

Website

http://www.medcoenergi.com

PT Medco Energi Internasional Tbk is an investment holding company. The company's operating segment includes Exploration for and production of oil and gas; Services; Power; Trading and Holding and related operations. It generates maximum revenue from the Exploration for and production of the oil and gas segment. Geographically, it derives a majority of its revenue from Indonesia.

PT Medco Energi Internasional Tbk (ISX:MEDC) Headlines

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