PT Gudang Garam Tbk (ISX:GGRM) Momentum Rank : 2 (As of May. 12, 2024)

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What is PT Gudang Garam Tbk Momentum Rank?

PT Gudang Garam Tbk has the Momentum Rank of 2.

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 Gudang Garam Tbk's Momentum Rank

For the Tobacco subindustry, PT Gudang Garam 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 Gudang Garam Tbk's Momentum Rank Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Momentum Rank distribution charts can be found below:

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

PT Gudang Garam Tbk Momentum Rank Related Terms

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PT Gudang Garam Tbk (ISX:GGRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » PT Gudang Garam Tbk (ISX:GGRM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GGNPF:USA GDNGY:USA GGG:Germany

Address

Jl. Semampir II/1, East Java, Kediri, IDN, 64121

Website

https://www.gudanggaramtbk.com

PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot.

PT Gudang Garam Tbk (ISX:GGRM) Headlines

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