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PT Widodo Makmur Perkasa Tbk (ISX:WMPP) Momentum Rank : 0 (As of May. 31, 2024)


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What is PT Widodo Makmur Perkasa Tbk Momentum Rank?

PT Widodo Makmur Perkasa 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 Widodo Makmur Perkasa Tbk (ISX:WMPP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » PT Widodo Makmur Perkasa Tbk (ISX:WMPP) » Definitions » Momentum Rank
Comparable Companies
ISX:JKON ISX:BNBR ISX:KINO ISX:BMSR ISX:IMJS ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 ADX:ALPHADHABI MMM TSE:8002 HKSE:00267 TSE:8053 TSE:4901 TSE:8015 HKSE:00001 TSE:6971
Traded in Other Exchanges
N/A
Address
Jl. Raya Cilangkap, No. 58 Cilangkap, Cipayung East, East Jakarta, IDN, 13870
Website
https://www.widodomakmurperkasa.co.id
PT Widodo Makmur Perkasa Tbk is a company engaged in the consumer goods and agricultural commodities sector. It has five integrated business lines, namely Integrated Cattle Farm, Meat Processing, Integrated Poultry Farm, Agriculture Commodities, and Construction and Renewable Energy.

PT Widodo Makmur Perkasa Tbk (ISX:WMPP) Headlines

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