GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sumber Tani Agung Resources Tbk (ISX:STAA) » Definitions » Momentum Rank

PT Sumber Tani Agung Resources Tbk (ISX:STAA) Momentum Rank : 0 (As of Jun. 07, 2024)


View and export this data going back to 2022. Start your Free Trial

What is PT Sumber Tani Agung Resources Tbk Momentum Rank?

PT Sumber Tani Agung Resources 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.

PT Sumber Tani Agung Resources Tbk Momentum Rank Related Terms

Thank you for viewing the detailed overview of PT Sumber Tani Agung Resources Tbk's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Sumber Tani Agung Resources Tbk (ISX:STAA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sumber Tani Agung Resources Tbk (ISX:STAA) » Definitions » Momentum Rank
Comparable Companies
ISX:TAPG ISX:SSMS ISX:JPFA ISX:SMAR ISX:LSIP ISX:TLDN ISX:DSNG ISX:AALI ISX:NSSS ISX:SGRO ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
Jalan Pangeran Diponegoro No. 51, Sumatra Utara, Medan, IDN, 20152
Website
https://www.sta.co.id
PT Sumber Tani Agung Resources Tbk is an oil palm plantation company. The company manages approximately 13 oil palm estates, 9 palm oil mills, 1 Kernel Crushing Facility, and 1 solvent extraction plant powered by a biogas power plant, all of which situated in 4 provinces in Indonesia: North Sumatera, South Sumatera, West Kalimantan and Central Kalimantan.