PT Wahana Ottomitra Multiartha Tbk (ISX:WOMF) Momentum Rank : 7 (As of Dec. 14, 2024)

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What is PT Wahana Ottomitra Multiartha Tbk Momentum Rank?

PT Wahana Ottomitra Multiartha Tbk has the Momentum Rank of 7.

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 Wahana Ottomitra Multiartha Tbk's Momentum Rank

For the Credit Services subindustry, PT Wahana Ottomitra Multiartha 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 Wahana Ottomitra Multiartha Tbk's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PT Wahana Ottomitra Multiartha Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Wahana Ottomitra Multiartha Tbk's Momentum Rank falls into.

PT Wahana Ottomitra Multiartha Tbk Momentum Rank Related Terms

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PT Wahana Ottomitra Multiartha Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PT Wahana Ottomitra Multiartha Tbk (ISX:WOMF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso Kav. 85, Altira Office Tower, Floor 32, 33, 35, Kelurahan Sunter Jaya, Kecamatan Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14350

Website

https://www.wom.co.id

PT Wahana Ottomitra Multiartha Tbk is a finance company. It provides investment financing, working capital financing, multipurpose financing, and other financing activities. The company offers various types of products and services at Company including Multipurpose Goods Financing, Multipurpose Services Financing, Investment Financing - Sale and Leaseback MobilKu, Working Capital Financing, and Selling and Buying Financing (Murabahah Contracts). The Company has consumer financing activities in several geographical areas in Indonesia (Jakarta, Bogor, Tangerang, Bekasi, East Java, Bali, Kalimantan, Sulawesi, Central Java, West Java, and Sumatera), for new and used two-wheeled motor vehicles.

PT Wahana Ottomitra Multiartha Tbk Headlines

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