Rakus Co (TSE:3923) Momentum Rank : 4 (As of May. 07, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Rakus Co Momentum Rank?

Rakus Co 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 Rakus Co's Momentum Rank

For the Information Technology Services subindustry, Rakus 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.

Rakus Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Rakus Co's Momentum Rank distribution charts can be found below:

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

Rakus Co Momentum Rank Related Terms

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

Rakus Co (TSE:3923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rakus Co Ltd (TSE:3923) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 - 27 - 11 Sendagaya Shibuya Ward, Aggreg Square Shinjuku 2nd Floor, 3rd Floor, Tokyo, JPN, 151-0051

Website

http://www.rakus.co.jp

Rakus Co Ltd provides information technology services in Japan. The Company's services include cloud services and email management software. The cloud services include the development and sales of transportation expenses, mail sharing and unified management system, mail delivery system and others. The dispatch of IT engineers services mainly provides employee dispatching services specializing in IT engineer, providing services includes Java system development, infrastructure construction and operation, and others.

Rakus Co (TSE:3923) Headlines

No Headlines