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PT Prima Andalan Mandiri Tbk (ISX:MCOL) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is PT Prima Andalan Mandiri Tbk Momentum Rank?

PT Prima Andalan Mandiri Tbk has the Momentum Rank of 0.

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.

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PT Prima Andalan Mandiri Tbk (ISX:MCOL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Prima Andalan Mandiri Tbk (ISX:MCOL) » Definitions » Momentum Rank
Comparable Companies
ISX:HRUM ISX:PTBA ISX:ITMG ISX:ABMM ISX:BSSR ISX:INDY ISX:SGER ISX:MBAP ISX:GEMS ISX:MYOH SHSE:601088 ISX:BYAN BOM:512599 SHSE:601225 NSE:COALINDIA SHSE:600188 SHSE:601898 SHSE:601699 SZSE:000983 SHSE:600925
Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav, 52-53, Gedung Office 8, 28th Floor, SCBD Lot. 28, Kebayoran Baru, Jakarta, IDN, 12190
Website
https://www.mandiricoal.co.id
PT Prima Andalan Mandiri Tbk is a coal mining company. It is mainly engaged in coal mining and trading, mining contractor services, as well as sea transportation, and coal loading and unloading. The company's segment includes Coal mining; Mining Contractors and Shipping. It generates maximum revenue from the Coal mining segment.

PT Prima Andalan Mandiri Tbk (ISX:MCOL) Headlines

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