PT Indika Energy Tbk (ISX:INDY) Momentum Rank : 7 (As of May. 11, 2024)

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What is PT Indika Energy Tbk Momentum Rank?

PT Indika Energy 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 Indika Energy Tbk's Momentum Rank

For the Thermal Coal subindustry, PT Indika Energy 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 Indika Energy Tbk's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Indika Energy Tbk's Momentum Rank distribution charts can be found below:

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

PT Indika Energy Tbk Momentum Rank Related Terms

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PT Indika Energy Tbk (ISX:INDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Indika Energy Tbk (ISX:INDY) » Definitions » Momentum Rank

Traded in Other Exchanges

I41:Germany

Address

Jl. Jend Gatot Subroto Kav. 21, Graha Mitra, Lantai 3, Jakarta, IDN, 12930

Website

https://www.indikaenergy.co.id

PT Indika Energy Tbk is an Indonesia-based integrated energy company engaged in exploring, producing, and processing coal. The company and its subsidiaries are principally organized based on energy resources, energy services, energy infrastructure business, and Other portfolio holdings segments. Kideco is the company's core asset in the energy resources sector. The energy services business is operated through Tripatra and Petrosea. Tripatra provides engineering, procurement, and construction services, operations and maintenance, and logistic services. Petrosea provides engineering, construction, and contract mining with total pit-to-port capability. Its energy infrastructure segment includes a 660-megawatt and 1,000-megawatt power generation plant in Cirebon.