PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Momentum Rank : 10 (As of May. 15, 2024)

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What is PT Bank Negara Indonesia (Persero) Tbk Momentum Rank?

PT Bank Negara Indonesia (Persero) Tbk has the Momentum Rank of 10.

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 Bank Negara Indonesia (Persero) Tbk's Momentum Rank

For the Banks - Regional subindustry, PT Bank Negara Indonesia (Persero) 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 Bank Negara Indonesia (Persero) Tbk's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Negara Indonesia (Persero) Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Bank Negara Indonesia (Persero) Tbk's Momentum Rank falls into.

PT Bank Negara Indonesia (Persero) Tbk Momentum Rank Related Terms

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PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PBNNF:USA PTBRY:USA

Address

Jalan Jenderal Sudirman Kav. 1, Gedung Grha BNI, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.bni.co.id

PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. BNI's main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its business divisions include Corporate and International Banking; Institutional Banking; Enterprises and Commercial Banking; Consumer Banking and Treasury.

PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Headlines

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