SBS Holdings (TSE:2384) Momentum Rank : 4 (As of May. 13, 2024)

View and export this data going back to 2003. Start your Free Trial

What is SBS Holdings Momentum Rank?

SBS Holdings has the Momentum Rank of 4.

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 SBS Holdings's Momentum Rank

For the Integrated Freight & Logistics subindustry, SBS Holdings'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.

SBS Holdings's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SBS Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SBS Holdings's Momentum Rank falls into.

SBS Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of SBS Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

SBS Holdings (TSE:2384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SBS Holdings Inc (TSE:2384) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3 Taihei 4-chome, Olinas Tower, Sumida-ku, Tokyo, JPN, 130-0012

Website

http://www.sbs-group.co.jp

SBS Holdings Inc is engaged in the provision of logistics and related services. The company's operating business includes logistics, real-estate, and others. Its logistics business is involved in the transportation and delivery of raw materials, and the storage associated with it, handling, packaging, and distribution processing services. The real-estate business consists of rental and leasing of real estate properties. Its other business comprises of human resources, environment-related, marketing and other related business services.

SBS Holdings (TSE:2384) Headlines

No Headlines