PT Austindo Nusantara Jaya Tbk (ISX:ANJT) Momentum Rank : 8 (As of Jun. 06, 2024)

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What is PT Austindo Nusantara Jaya Tbk Momentum Rank?

PT Austindo Nusantara Jaya Tbk has the Momentum Rank of 8.

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 Austindo Nusantara Jaya Tbk's Momentum Rank

For the Farm Products subindustry, PT Austindo Nusantara Jaya 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 Austindo Nusantara Jaya Tbk's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Austindo Nusantara Jaya Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Austindo Nusantara Jaya Tbk's Momentum Rank falls into.

PT Austindo Nusantara Jaya Tbk Momentum Rank Related Terms

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PT Austindo Nusantara Jaya Tbk (ISX:ANJT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Austindo Nusantara Jaya Tbk (ISX:ANJT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Dr Ide Anak Agung Gde Agung Kav. 5.5-5.6, BTPN Tower, 40th Floor, Jakarta, IDN, 12950

Website

https://www.anj-group.com

PT Austindo Nusantara Jaya Tbk is a holding company engaged in Trading, services and operations related to palm oil plantation and processing, as well as trading of palm oil products, sago harvesting and processing, vegetable production and processing and renewable energy business. Its operating segments include Palm oil, Renewable Energy, Sago and Vegetables. The company derives majority of its revenue from the Palm oil business segment. The Group's business segments operate in Indonesia. Its products basket includes Crude Palm Oil (CPO), Palm Kernel (PK) and Palm Kernel Oil (PKO), Sago, Vegetable (Edamame) and Renewable Energy from Palm Oil Waste.

PT Austindo Nusantara Jaya Tbk (ISX:ANJT) Headlines

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