Suido Kiko Kaisha (TSE:6403) Momentum Rank : 10 (As of May. 25, 2024)

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What is Suido Kiko Kaisha Momentum Rank?

Suido Kiko Kaisha has the Momentum Rank of 10.

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 Suido Kiko Kaisha's Momentum Rank

For the Waste Management subindustry, Suido Kiko Kaisha'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.

Suido Kiko Kaisha's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Suido Kiko Kaisha's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Suido Kiko Kaisha's Momentum Rank falls into.

Suido Kiko Kaisha Momentum Rank Related Terms

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Suido Kiko Kaisha (TSE:6403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Suido Kiko Kaisha Ltd (TSE:6403) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-48-16, Sakuragaoka, Setagaya-ku, Tokyo, JPN, 156 0054

Website

http://www.suiki.co.jp

Suido Kiko Kaisha, Ltd. is a Japan-based engineering and construction company. Its business activities include designing, construction and supervision of environmental protection and sanitation facilities and water supply and sewage facilities. In addition, the organization also installs and sells water treatment equipment and measuring instruments. The other businesses of the company are working dispatching business, and manufacturing and selling of industrial chemicals.

Suido Kiko Kaisha (TSE:6403) Headlines

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