PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) Momentum Rank : 0 (As of Dec. 11, 2024)

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What is PT Multikarya Asia Pasifik Raya Tbk Momentum Rank?

PT Multikarya Asia Pasifik Raya 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 Multikarya Asia Pasifik Raya Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan TB Simatupang No 02, Cibis Nine lt 16, South Jakarta, IDN, 12560

Website

https://www.mkapr.co.id

PT Multikarya Asia Pasifik Raya Tbk is engaged in the manufacturing, trading services, rental, and repair of pumps and other supporting equipment including spare parts for the oil, natural gas, and mining industries. Its segments are Spare part and procurement and Rental and services. It generates the majority of its revenue from the Spare part and procurement segment. Its geographic segments are Java, Sumatera, and Outside Java and Sumatera.

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