PT Arwana Citramulia Tbk (PT Arwana Citramulia Tbk) Momentum Rank : 10 (As of Apr. 27, 2024)

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What is PT Arwana Citramulia Tbk Momentum Rank?

PT Arwana Citramulia Tbk has the Momentum Rank of 10.

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 Arwana Citramulia Tbk's Momentum Rank

For the Building Products & Equipment subindustry, PT Arwana Citramulia 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 Arwana Citramulia Tbk's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Arwana Citramulia Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Arwana Citramulia Tbk's Momentum Rank falls into.

PT Arwana Citramulia Tbk Momentum Rank Related Terms

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PT Arwana Citramulia Tbk (PT Arwana Citramulia Tbk) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ARNA:Indonesia

Address

Sentra Niaga Puri Indah Blok T2 No. 24, Kembangan Selatan, Jakarta, IDN, 11610

Website

https://www.arwanacitra.com

PT Arwana Citramulia Tbk manufactures and distributes ceramic tiles in Indonesia. Its products include marble, plain, granite, strata, rustic, decorative, and wood. The company sells its products under the Arwana Ceramic Tiles brand through distributors and retail outlets. Business activity functions through nearly every city and the main town in Indonesia together with thousands of retail outlets. Revenue for the organization is derived solely from the sale of products.