PT Steadyfe Tbk (ISX:SAFE) 6-1 Month Momentum % : 10.34% (As of May. 18, 2024)

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What is PT Steadyfe Tbk 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-18), PT Steadyfe Tbk's 6-1 Month Momentum % is 10.34%.

The industry rank for PT Steadyfe Tbk's 6-1 Month Momentum % or its related term are showing as below:

ISX:SAFE's 6-1 Month Momentum % is ranked better than
67.27% of 1054 companies
in the Transportation industry
Industry Median: 1.475 vs ISX:SAFE: 10.34

Competitive Comparison of PT Steadyfe Tbk's 6-1 Month Momentum %

For the Railroads subindustry, PT Steadyfe Tbk's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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 Steadyfe Tbk's 6-1 Month Momentum % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Steadyfe Tbk's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where PT Steadyfe Tbk's 6-1 Month Momentum % falls into.

PT Steadyfe Tbk (ISX:SAFE) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Steadyfe Tbk (ISX:SAFE) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

PT Steadyfe Tbk 6-1 Month Momentum % Related Terms

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PT Steadyfe Tbk (ISX:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Steady Safe Tbk (ISX:SAFE) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Prof. DR. Satrio No.7, 15th Floor Satrio Tower RT.7/RW.2, Kuningan, Kecamatan Setiabudi Kota Jakarta Selatan, Daerah Khusus Ibukota, Jakarta, IDN, 12950

Website

http://www.steadysafe.co.id

PT Steady Safe Tbk is a public transportation company. Its business activities are in the field of transportation services, especially to be busway operator in Jakarta. The company and subsidiaries classify their business activities in two main business segments namely Land Transportation and Financial Services segment. The firm's revenue is dominated by the Land Transportation segment.