Obara Group (TSE:6877) Momentum Rank : 10 (As of May. 15, 2024)

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What is Obara Group Momentum Rank?

Obara Group 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 Obara Group's Momentum Rank

For the Tools & Accessories subindustry, Obara Group'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.

Obara Group's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Obara Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Obara Group's Momentum Rank falls into.

Obara Group Momentum Rank Related Terms

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Obara Group (TSE:6877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Obara Group Inc (TSE:6877) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-37 Oogami, Ayase-shi, Kanagawa, JPN, 252-1104

Website

http://www.obara-g.com

Obara Group Inc is a Japanese supplier of welding and polishing solutions. The company offers resistance welding systems for the automotive industry and arc welding tools for the shipbuilding and construction industries. The polishing business sells polishing machines under the SpeedFam brand primarily to electronic and precision industries, including the treatment of silicon wafers, mobile phones and personal computer electronics, flat panels, memory disks, and opto-electronic parts.

Obara Group (TSE:6877) Headlines

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