Senshu Ikeda Holdings (TSE:8714) Momentum Rank : 1 (As of May. 21, 2024)

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What is Senshu Ikeda Holdings Momentum Rank?

Senshu Ikeda Holdings has the Momentum Rank of 1.

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 Senshu Ikeda Holdings's Momentum Rank

For the Banks - Regional subindustry, Senshu Ikeda Holdings'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.

Senshu Ikeda Holdings's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Senshu Ikeda Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Senshu Ikeda Holdings's Momentum Rank falls into.

Senshu Ikeda Holdings Momentum Rank Related Terms

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Senshu Ikeda Holdings (TSE:8714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Senshu Ikeda Holdings Inc (TSE:8714) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-14, Chayamachi, Kita-ku, Osaka, JPN, 530-0013

Website

http://www.senshuikeda-hd.co.jp

Senshu Ikeda Holdings Inc operates in the financial services domain based in Japan. It places its business activities within two segments, namely, Lending and Securities Trading. Principally a credit services provider, the company generates most of its income from the Lending segment, which it renders through its subsidiary, The Bank of Ikeda, Ltd. The bank is involved in the loan, securities trading and investment, domestic and foreign exchange, corporate bond trust and register businesses. Additionally, the company carries out the leasing of industrial machinery, working machines, computers and office equipment, the guarantee of its mortgage loans and the issuing of credit cards.

Senshu Ikeda Holdings (TSE:8714) Headlines

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