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PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is PT Prasidha Aneka Niaga Tbk Momentum Rank?

PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk (ISX:PSDN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Prasidha Aneka Niaga Tbk (ISX:PSDN) » Definitions » Momentum Rank
Comparable Companies
WAR:AGT BOM:533316 XKLS:7179 COL:GRAN.N0000 ASX:AS1 COL:GOOD.N0000 ASX:OGA BOM:509715 ISX:UNSP OTSE:PRF1T KAR:MFL XKLS:7176 ISX:GZCO XLIS:CPA ASX:WNR BUE:MORI ROCO:4712 TSE:2926 LSE:AVGR KAR:PREMA
Traded in Other Exchanges
N/A
Address
Jalan Jend. Sudirman No. 47, Plaza Sentral Building, 20th Floor, Jakarta, IDN, 12930
Website
https://www.prasidha.co.id
PT Prasidha Aneka Niaga Tbk is a company engaged in the agricultural products industry. Its primary business activities are processing and trading agricultural commodities like crumb rubber and coffee. The company's operating segment includes Agricultural products processing and trading; Roasted and instant coffee manufacturing and Plantations and processing of agricultural products. It generates maximum revenue from the Roasted and instant coffee manufacturing segment. The company has operations in Indonesia and foreign countries.

PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Headlines