PT Perintis Triniti Properti Tbk (ISX:TRIN) Momentum Rank : 7 (As of May. 26, 2024)

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What is PT Perintis Triniti Properti Tbk Momentum Rank?

PT Perintis Triniti Properti 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 Perintis Triniti Properti Tbk's Momentum Rank

For the Real Estate - Development subindustry, PT Perintis Triniti Properti 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 Perintis Triniti Properti Tbk's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Perintis Triniti Properti Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Perintis Triniti Properti Tbk's Momentum Rank falls into.

PT Perintis Triniti Properti Tbk Momentum Rank Related Terms

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PT Perintis Triniti Properti Tbk (ISX:TRIN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

JL Sutera Boulevard Kav 22-26, Alam Sutera, Brooklyn Premium Office, Tangerang Selatan, Jakarta, IDN, 15320

Website

https://trinitiland.com

PT Perintis Triniti Properti Tbk is a real estate developer in Indonesia. The company's projects include Brooklyn, Yukata, Collins Boulevard, Marc's Boulevard, Sequoia Hills, Holdwell Business Park, Tanamori, and others. The company's revenue is obtained from property development activities in Indonesia. The company operates in two segments, namely, the sale of apartments and marketing service businesses.