PT FKS Multi Agro Tbk (ISX:FISH) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is PT FKS Multi Agro Tbk Momentum Rank?

PT FKS Multi Agro Tbk has the Momentum Rank of 8.

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 FKS Multi Agro Tbk's Momentum Rank

For the Farm Products subindustry, PT FKS Multi Agro 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 FKS Multi Agro Tbk's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT FKS Multi Agro Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT FKS Multi Agro Tbk's Momentum Rank falls into.

PT FKS Multi Agro Tbk Momentum Rank Related Terms

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PT FKS Multi Agro Tbk (ISX:FISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT FKS Multi Agro Tbk (ISX:FISH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Jend. Sudirman Kav. 5-6, Menara Astra, 28th Floor, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.fksmultiagro.com

PT FKS Multi Agro Tbk is an Indonesia-based company engaged in the distribution and trading of grains, oilseeds, and feed ingredients. It supplies oilseed meals, animal protein meals, and co-products of grain milling for the animal feed industry. The company deals with food products such as rice, soybean and cooking oil. In addition, the company also provides a logistic solution for the importation and distribution of dry bulk commodities. The group's business activities are classified into three business segments consisting of Trading and distribution, Manufacturing and logistics, of which the majority of the revenue is derived from the Trading and distribution segment. The organization generates key revenue from Indonesia.

PT FKS Multi Agro Tbk (ISX:FISH) Headlines

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