PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) Momentum Rank : 2 (As of Apr. 28, 2024)

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What is PT Hanjaya Mandalampoerna Tbk Momentum Rank?

PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk's Momentum Rank

For the Tobacco subindustry, PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk's Momentum Rank Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Hanjaya Mandalampoerna Tbk's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PT Hanjaya Mandalampoerna Tbk's Momentum Rank falls into.

PT Hanjaya Mandalampoerna Tbk Momentum Rank Related Terms

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PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » PT Hanjaya Mandala Sampoerna Tbk (ISX:HMSP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PHJMF:USA

Address

Jalan Rungkut Industri Raya No. 18, Surabaya, IDN, 60293

Website

https://www.sampoerna.com

PT Hanjaya Mandala Sampoerna Tbk is an Indonesian tobacco company. It produces a number of brands of cigarettes and is well known, such as Sampoerna A, Sampoerna Kretek, Sampoerna U, and Dji Sam Soe, the legendary King of Kretek. The scope of activities of the company comprises, among others manufacturing, trading, and distributing cigarettes. The company's flagship brand is Dji Sam Soe Kretek.

PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) Headlines

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