Katakura Industries Co (TSE:3001) Momentum Rank : 3 (As of Jun. 05, 2024)

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What is Katakura Industries Co Momentum Rank?

Katakura Industries Co has the Momentum Rank of 3.

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 Katakura Industries Co's Momentum Rank

For the Conglomerates subindustry, Katakura Industries Co'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.

Katakura Industries Co's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Katakura Industries Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Katakura Industries Co's Momentum Rank falls into.

Katakura Industries Co Momentum Rank Related Terms

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Katakura Industries Co (TSE:3001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Katakura Industries Co Ltd (TSE:3001) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-4 Akashi-cho, Chuo-ku, Tokyo, JPN, 104-8312

Website

http://www.katakura.co.jp

Katakura Industries Co Ltd is a Japan-based company. It operates in five business divisions including textile, pharmaceutical, machinery related, real estate and other business. Its textile business includes clothing items and brand licenses including innerwear and legwear. The pharmaceutical business offers medicines centered on cardiac drugs and vitamin drugs. Machinery business is engaged in developing and proposing various products corresponding to environment-oriented based on cultivated technology. Real estate business is engaged in developing and leasing shopping centers, and comprehensive model home park sites. Katakura is also engaged in the production and sale of honey bees for breeding, agrochemicals, and sale of honey produced.

Katakura Industries Co (TSE:3001) Headlines

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