Shimamura Co (Shimamura Co) Momentum Rank : 0 (As of May. 31, 2024)

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What is Shimamura Co Momentum Rank?

Shimamura 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.

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Shimamura Co (Shimamura Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shimamura Co Ltd (OTCPK:SHAOF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

8227:Japan

Address

2-19-4 Miyahara-cho, Kita-ku, Saitama, JPN, 331-9550

Website

https://www.shimamura.gr.jp

Shimamura Co Ltd is a Japanese apparel retailer. Its core business is Fashion Center Temura, which has over 1,000 stores and sells items for families, primarily to housewives in their twenties to fifties. Fashion Center Temura focuses on low price private brands. Stores are in residential areas in the suburbs and in large cities, including Tokyo and Osaka. Shimamura has more than 500 stores under other brand names that include Casual and Shoes Avel, Baby/Chilren's Goods Birthday, Chambre, and Divero. The company's stores are primarily in Japan, but it has some brands in Taiwan and Shanghai.

Shimamura Co (Shimamura Co) Headlines

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