Hakuto Co (TSE:7433) Momentum Rank : 7 (As of May. 20, 2024)

View and export this data going back to 1999. Start your Free Trial

What is Hakuto Co Momentum Rank?

Hakuto Co has the Momentum Rank of 7.

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 Hakuto Co's Momentum Rank

For the Electronic Components subindustry, Hakuto 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.

Hakuto Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hakuto Co's Momentum Rank distribution charts can be found below:

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

Hakuto Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Hakuto Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hakuto Co (TSE:7433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hakuto Co Ltd (TSE:7433) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13, Shinjuku 1-Chome, Shinjuku-Ku, Tokyo, JPN, 160-8910

Website

http://www.hakuto.co.jp

Hakuto Co Ltd engages in the manufacture and sale of electronic materials and chemicals. It operates through the following divisions: Semiconductor Devices, Electronic Components, Electronic and Electric Equipment, And Chemicals. The Electronic Components includes semiconductor devices, connectors, and optical components. The Electronic and Electric Equipment consists of devices and equipment used in the production of semiconductors, printed circuit boards, turbo-molecular pumps, refrigerator units, and electrostatic accelerators. The Chemicals unit deals with chemicals used in oil refining, petrochemical, water treatment, cosmetics, and pulp and paper industries.

Hakuto Co (TSE:7433) Headlines

No Headlines