PT Xl Axiata Tbk (PT Xl Axiata Tbk) Momentum Rank : 5 (As of May. 13, 2024)

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What is PT Xl Axiata Tbk Momentum Rank?

PT Xl Axiata Tbk has the Momentum Rank of 5.

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 Xl Axiata Tbk's Momentum Rank

For the Telecom Services subindustry, PT Xl Axiata 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 Xl Axiata Tbk's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Xl Axiata Tbk's Momentum Rank distribution charts can be found below:

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

PT Xl Axiata Tbk Momentum Rank Related Terms

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PT Xl Axiata Tbk (PT Xl Axiata Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Xl Axiata Tbk (OTCPK:PTXKY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EXCL:Indonesia E5F:Germany

Address

Jalan HR Rasuna Said X5, Kavling 11-12, XL Axiata Tower, Kuningan Timur, Setiabudi, Jakarta Selatan, Jakarta, IDN, 12950

Website

https://www.xl.co.id

PT XL Axiata TBK is a telecommunications company. The company generates revenue from the provision of mobile services. Within mobile services, the products offered are SMS, data, and voice, with data and voice comprising the bulk of overall company revenue. The majority of PT XL Axiata's subscriber base is on the 2G spectrum. Additionally, it is an owner of the telecommunications infrastructure, specifically mobile base stations and fiber networks. It also derives revenue from renting out the telecommunication towers. The company generates the vast majority of its revenue in Indonesia.

PT Xl Axiata Tbk (PT Xl Axiata Tbk) Headlines

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