PT TBS Energi Utama Tbk (ISX:TOBA) Momentum Rank : 4 (As of May. 30, 2024)

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What is PT TBS Energi Utama Tbk Momentum Rank?

PT TBS Energi Utama Tbk has the Momentum Rank of 4.

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 TBS Energi Utama Tbk's Momentum Rank

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

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

* The bar in red indicates where PT TBS Energi Utama Tbk's Momentum Rank falls into.

PT TBS Energi Utama Tbk Momentum Rank Related Terms

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PT TBS Energi Utama Tbk (ISX:TOBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT TBS Energi Utama Tbk (ISX:TOBA) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Jalan Jend Sudirman Kav. 52-53, Treasury Tower, Level 33, Office District 8, SCBD Lot 28, Jakarta, IDN, 12190

Website

https://www.tobabara.com

PT TBS Energi Utama Tbk is a thermal coal producer in Indonesia with a concession located in Sangasanga, Kutai Kartanegara, East Kalimantan. Its concession area is around 7,087 hectares consisting of 3 mines. The company also engages in palm oil manufacturing, and energy. Its segments include coal mining and trading, Coal Fixed Power Plants, and oil palm plantation with the majority of the revenue from the coal mining business.

PT TBS Energi Utama Tbk (ISX:TOBA) Headlines

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