PT Indomobil Multi Jasa Tbk (ISX:IMJS) Momentum Rank : 7 (As of May. 08, 2024)

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What is PT Indomobil Multi Jasa Tbk Momentum Rank?

PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Momentum Rank

For the Conglomerates subindustry, PT Indomobil Multi Jasa 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 Indomobil Multi Jasa Tbk's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Indomobil Multi Jasa Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Indomobil Multi Jasa Tbk's Momentum Rank falls into.

PT Indomobil Multi Jasa Tbk Momentum Rank Related Terms

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PT Indomobil Multi Jasa Tbk (ISX:IMJS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » PT Indomobil Multi Jasa Tbk (ISX:IMJS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Letjen. M.T. Haryono Kav. 11, Indomobil Tower, 11th Floor, Jakarta Timur, Jakarta, IDN, 13330

Website

https://www.indomobilmultijasa.com

PT Indomobil Multi Jasa Tbk is engaged in providing vehicle sales, after-sales service, vehicle financing, spare parts distribution for lndoParts, vehicle assembling, automotive parts/ component manufacturing, car rental services, and other related supporting services. The company holds various trademarks of international brands including Audi, Datsun, Foton, Hino, Infiniti, John Deere, Kalmar, Manitou, Nissan, Renault, Renault Trucks, SDLG, Suzuki, Volkswagen, Volvo Construction Equipment, Volvo Trucks, and Zoomlion. The company also provides financial services which include financing for motorcycles, new cars, used cars, and heavy equipment. Its segments are Car rental and related business and Financial Services.

PT Indomobil Multi Jasa Tbk (ISX:IMJS) Headlines

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