Kyokuto Kaihatsu Kogyo Co (TSE:7226) Momentum Rank : 6 (As of May. 08, 2024)

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What is Kyokuto Kaihatsu Kogyo Co Momentum Rank?

Kyokuto Kaihatsu Kogyo Co has the Momentum Rank of 6.

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 Kyokuto Kaihatsu Kogyo Co's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Kyokuto Kaihatsu Kogyo 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.

Kyokuto Kaihatsu Kogyo Co's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Kyokuto Kaihatsu Kogyo Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kyokuto Kaihatsu Kogyo Co's Momentum Rank falls into.

Kyokuto Kaihatsu Kogyo Co Momentum Rank Related Terms

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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kyokuto Kaihatsu Kogyo Co Ltd (TSE:7226) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1-45 Koshienguchi, Nishinomiya, JPN, 663-8545

Website

http://www.kyokuto.com

Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.

Kyokuto Kaihatsu Kogyo Co (TSE:7226) Headlines

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