PT Bank OCBC Nisp Tbk (STU:FFB) Momentum Rank : 1 (As of May. 14, 2024)

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What is PT Bank OCBC Nisp Tbk Momentum Rank?

PT Bank OCBC Nisp Tbk has the Momentum Rank of 1.

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 Bank OCBC Nisp Tbk's Momentum Rank

For the Banks - Regional subindustry, PT Bank OCBC Nisp 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 Bank OCBC Nisp Tbk's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank OCBC Nisp Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Bank OCBC Nisp Tbk's Momentum Rank falls into.

PT Bank OCBC Nisp Tbk Momentum Rank Related Terms

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PT Bank OCBC Nisp Tbk (STU:FFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PT Bank OCBC Nisp Tbk (STU:FFB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NISP:Indonesia

Address

Jalan Prof. Dr. Satrio Kav. 25, OCBC NISP Tower, 8th Floor, Jakarta, IDN, 12940

Website

https://www.ocbcnisp.com

PT Bank OCBC Nisp Tbk is an Indonesia-based company primarily engaged in the banking sector. Its segments include business banking, consumer banking, treasury, and others. The company generates maximum revenue from business banking segment. Its Business banking segment includes loans, deposits and other transactions and balances with corporate customers.

PT Bank OCBC Nisp Tbk (STU:FFB) Headlines

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