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PT Mitra Tirta Buwana Tbk (ISX:SOUL) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is PT Mitra Tirta Buwana Tbk Momentum Rank?

PT Mitra Tirta Buwana 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 Mitra Tirta Buwana Tbk (ISX:SOUL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Mitra Tirta Buwana Tbk (ISX:SOUL) » Definitions » Momentum Rank
Comparable Companies
ISX:ARKA LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA DLB TSE:7911 LSE:ITRK ARMK TSE:7912 XPAR:TEP XAMS:INPST MMS SHSE:600153
Traded in Other Exchanges
N/A
Address
Jl. Waru No. 74 Sambilegi Baru RT.001 RW.003, Maguwoharjo, Depok, Sleman, Yogyakarta, IDN, 55282
Website
http://www.hexsoul.co.id
PT Mitra Tirta Buwana Tbk is a bottled drinking water manufacturing company with the HEXSOUL Brand with a Total Dissolved Solids of 0.02 ppm to produce high quality drinking water products as well as distribute them to distributors and customers.

PT Mitra Tirta Buwana Tbk (ISX:SOUL) Headlines

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