PT Pratama Widya Tbk (ISX:PTPW) Momentum Rank : 1 (As of May. 12, 2024)

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What is PT Pratama Widya Tbk Momentum Rank?

PT Pratama Widya Tbk has the Momentum Rank of 1.

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 Pratama Widya Tbk's Momentum Rank

For the Engineering & Construction subindustry, PT Pratama Widya 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 Pratama Widya Tbk's Momentum Rank Distribution in the Construction Industry

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

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

PT Pratama Widya Tbk Momentum Rank Related Terms

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PT Pratama Widya Tbk (ISX:PTPW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PT Pratama Widya Tbk (ISX:PTPW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kepala Buaran PLN No.92 A-D, Widya Griya, Cikokol, Tangerang, Banten, IDN, 15117

Website

https://www.pratamawidya.com

PT Pratama Widya Tbk is a provider of construction services specializing in geotechnical engineering, surveys, and consulting works serving both private and government sectors in Indonesia. The company's construction works consist of a deep foundation (bore pile, piling, injection pile); retaining wall (soldier pile, sheet pile, secant pile, diaphragm wall); grouting and soil improvement (jet grouting, deep mixing, soil cement); slope reinforcement (soil nailing, ground anchor, rock bolt); dewatering, and other ground engineering works.

PT Pratama Widya Tbk (ISX:PTPW) Headlines

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