Daiwabo Holdings Co (TSE:3107) Momentum Rank : 0 (As of May. 16, 2024)

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What is Daiwabo Holdings Co Momentum Rank?

Daiwabo Holdings Co 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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Daiwabo Holdings Co (TSE:3107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daiwabo Holdings Co Ltd (TSE:3107) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

08, No. 06, No. 3-chome, Chuo Ward, Osaka, JPN, 541-0056

Website

http://www.daiwabo-holdings.com

Daiwabo Holdings Co Ltd engages in the IT infrastructure distribution business in Japan and internationally. The company distributes computer appliances and peripheral devices. It is also involved in manufacturing, processing, and selling of synthetic fibers, nonwovens, industrial materials and related products. It is also involved in manufacture and selling of machine parts for production equipment and casting parts. In addition, the company is engaged in hotel management business, golf course running business, real-estate business, insurance agency and engineering business.

Daiwabo Holdings Co (TSE:3107) Headlines

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