Fullcast Holdings Co (TSE:4848) Momentum Rank : 1 (As of May. 17, 2024)

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What is Fullcast Holdings Co Momentum Rank?

Fullcast Holdings Co has the Momentum Rank of 1.

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 Fullcast Holdings Co's Momentum Rank

For the Staffing & Employment Services subindustry, Fullcast Holdings 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.

Fullcast Holdings Co's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fullcast Holdings Co's Momentum Rank distribution charts can be found below:

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

Fullcast Holdings Co Momentum Rank Related Terms

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Fullcast Holdings Co (TSE:4848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fullcast Holdings Co Ltd (TSE:4848) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-9-5 Nishigotanda, Forecast Gotanda Building, 12th Floor, Tokyo, Shinagawa-ku, JPN, 1410031

Website

https://www.fullcastholdings.co.jp

Fullcast Holdings Co Ltd is a Japan-based holding company that provides human resource solutions. The company has two business segments namely, Short-term operational support business including short-term personnel service, event personnel service, and the security business, providing security services mainly for public facilities and corporations. The majority of the company's revenue is generated from Short-term operational support business. The short-term operational support business provides timely short-term staffing services that cater to fluctuations in client company's workloads.

Fullcast Holdings Co (TSE:4848) Headlines

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