PT Radiant Utama Interinsco Tbk (ISX:RUIS) Momentum Rank : 6 (As of Jun. 10, 2024)

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What is PT Radiant Utama Interinsco Tbk Momentum Rank?

PT Radiant Utama Interinsco 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 Radiant Utama Interinsco Tbk's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, PT Radiant Utama Interinsco 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 Radiant Utama Interinsco Tbk's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Radiant Utama Interinsco Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Radiant Utama Interinsco Tbk's Momentum Rank falls into.

PT Radiant Utama Interinsco Tbk Momentum Rank Related Terms

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PT Radiant Utama Interinsco Tbk (ISX:RUIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Radiant Utama Interinsco Tbk (ISX:RUIS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kapten Tendean No. 24, Radiant Group Building, Mampang Prapatan, Jakarta, IDN, 12720

Website

https://www.radiant.co.id

PT Radiant Utama Interinsco Tbk is engaged in providing services to energy and resource-based businesses. It operates in four business segments namely Operating support services; Inspection services; Offshore services; and others. It derives the majority of the revenue from Operating support services that cover human resources services, training, repairs and maintenance, car rental, and integrated base management for oil and gas.

PT Radiant Utama Interinsco Tbk (ISX:RUIS) Headlines

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