Nihon Nohyaku Co (TSE:4997) Momentum Rank : 9 (As of Jun. 03, 2024)

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What is Nihon Nohyaku Co Momentum Rank?

Nihon Nohyaku Co has the Momentum Rank of 9.

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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Competitive Comparison of Nihon Nohyaku Co's Momentum Rank

For the Agricultural Inputs subindustry, Nihon Nohyaku 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.

Nihon Nohyaku Co's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nihon Nohyaku Co's Momentum Rank distribution charts can be found below:

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

Nihon Nohyaku Co Momentum Rank Related Terms

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Nihon Nohyaku Co (TSE:4997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nihon Nohyaku Co Ltd (TSE:4997) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-8, Kyobashi 1-Chome, Chuo-ku, Tokyo, JPN, 104-8386

Website

http://www.nichino.co.jp

Nihon Nohyaku Co Ltd is engaged in agrochemicals. The company's products are divided into four business divisions Agrochemicals, Agricultural materials, Pharmaceuticals and veterinary products, and Wood preservative. The agrochemicals manufacture and sells crop-protection chemicals, including fungicides, insecticides, herbicides, and miticides. The agricultural materials division sells home gardening and termite protection products, and Pharmaceuticals and veterinary the company branched off from its toxicological research on FUJI-ONE to develop and put on the market KANTEC. It is a product designed to improve liver protein metabolism.

Nihon Nohyaku Co (TSE:4997) Headlines

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