PT Bank Danamon Indonesia Tbk (ISX:BDMN) Momentum Rank : 8 (As of May. 15, 2024)

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What is PT Bank Danamon Indonesia Tbk Momentum Rank?

PT Bank Danamon Indonesia 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 Bank Danamon Indonesia Tbk's Momentum Rank

For the Banks - Regional subindustry, PT Bank Danamon Indonesia 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 Danamon Indonesia Tbk's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where PT Bank Danamon Indonesia Tbk's Momentum Rank falls into.

PT Bank Danamon Indonesia Tbk Momentum Rank Related Terms

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PT Bank Danamon Indonesia Tbk (ISX:BDMN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HX9:Germany

Address

Menara Bank Danamon, Jalan HR. Rasuna Said, Blok C No. 10, 17th Floor, Kel. Karet, Kec. Setiabudi, Jakarta Selatan, Jakarta, IDN, 12920

Website

https://www.danamon.co.id

PT Bank Danamon Indonesia Tbk is an Indonesia-based company that is principally engaged in providing banking services. The company's core business segments consist of the retail business segment, which includes micro banking, retail banking, a credit card business, insurance, consumer financing, and syariah banking, and the wholesale business segment, which provides commercial and corporate customers with products such as cash management, trade finance, financial supply chain, loans, and foreign exchange transactions. It generates maximum revenue from the retail business segment.

PT Bank Danamon Indonesia Tbk (ISX:BDMN) Headlines

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