PT Tunas Baru Lampung Tbk (ISX:TBLA) Momentum Rank : 2 (As of May. 28, 2024)

View and export this data going back to 2000. Start your Free Trial

What is PT Tunas Baru Lampung Tbk Momentum Rank?

PT Tunas Baru Lampung Tbk has the Momentum Rank of 2.

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 Tunas Baru Lampung Tbk's Momentum Rank

For the Packaged Foods subindustry, PT Tunas Baru Lampung 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 Tunas Baru Lampung Tbk's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Tunas Baru Lampung Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Tunas Baru Lampung Tbk's Momentum Rank falls into.

PT Tunas Baru Lampung Tbk Momentum Rank Related Terms

Thank you for viewing the detailed overview of PT Tunas Baru Lampung Tbk's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Tunas Baru Lampung Tbk (ISX:TBLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Tunas Baru Lampung Tbk (ISX:TBLA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

T2L:Germany

Address

Jalan HR Rasuna Said Kav C-6, Wisma Budi Floor 8-9, Jakarta Selatan, Jakarta, IDN, 12940

Website

https://www.tunasbarulampung.com

PT Tunas Baru Lampung Tbk is an Indonesian company engaged in the business of manufacturing of palm cooking oil, sugar, crude palm oil, soap, and biodiesel, and in the palm, and sugar cane plantations. The company also produces crude coconut oil, stearine, crude palm oil, pal kernel oil, other consumer products such as cream soap and laundry soap. It operates through two business segments namely Plantations and Manufacturing. The company's product brands include Gunung Agung, Bumi Waras, Rossy, Tawon, Burung Merak, Kompas, Segar, and Rose Brand. It generates maximum revenue from the Manufacturing segment.