PT Pakuwon Jati Tbk (ISX:PWON) Momentum Rank : 8 (As of May. 06, 2024)

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What is PT Pakuwon Jati Tbk Momentum Rank?

PT Pakuwon Jati Tbk has the Momentum Rank of 8.

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 Pakuwon Jati Tbk's Momentum Rank

For the Real Estate - Diversified subindustry, PT Pakuwon Jati 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 Pakuwon Jati Tbk's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Pakuwon Jati Tbk's Momentum Rank distribution charts can be found below:

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

PT Pakuwon Jati Tbk Momentum Rank Related Terms

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PT Pakuwon Jati Tbk (ISX:PWON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Pakuwon Jati Tbk (ISX:PWON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kejawan Putih Mutiara No. 17, East Coast Center 5th Floor, Pakuwon City Mall, Mulyorejo, Jawa Timur, Pakuwon City, Surabaya, IDN, 60112

Website

https://www.pakuwonjati.com

PT Pakuwon Jati Tbk is a real estate developer in Indonesia. It acquires, develops, and manages residential property, office buildings, hotels, serviced apartments, and shopping centers. Roughly half of the company's revenue is recurring revenue, which it generates from leasing units in shopping centers and office buildings, and from the revenue, it collects from hotels and serviced apartments. The remaining revenue is development revenue, which the company generates by selling condominiums, houses, and office units. Nearly all of the company's revenue is generated in Surabaya or Jakarta in Indonesia. It has three segments namely Office, shopping center, and service apartment; Real estate; and Hospitality.

PT Pakuwon Jati Tbk (ISX:PWON) Headlines

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