Nishi-Nippon Railroad Co (TSE:9031) Momentum Rank : 5 (As of May. 14, 2024)

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What is Nishi-Nippon Railroad Co Momentum Rank?

Nishi-Nippon Railroad Co has the Momentum Rank of 5.

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 Nishi-Nippon Railroad Co's Momentum Rank

For the Railroads subindustry, Nishi-Nippon Railroad 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.

Nishi-Nippon Railroad Co's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nishi-Nippon Railroad Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nishi-Nippon Railroad Co's Momentum Rank falls into.

Nishi-Nippon Railroad Co Momentum Rank Related Terms

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Nishi-Nippon Railroad Co (TSE:9031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nishi-Nippon Railroad Co Ltd (TSE:9031) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

9031:Japan

Address

3-5-7 Hakataekimae, Hakata Ward, Fukuoka, JPN, 810-8570

Website

http://www.nishitetsu.co.jp

Nishi-Nippon Railroad Co Ltd organises itself into six segments: transportation, real estate, distribution, logistics, leisure, and other. The transportation segment transports passengers by rail, bus, and taxi. The real estate business develops, sells, and leases commercial and residential buildings. The distribution segment operates supermarkets. The logistics segment operates an international air-cargo-handling business. The leisure segment operates hotels and other leisure businesses. The company derives the majority of its revenue domestically.

Nishi-Nippon Railroad Co (TSE:9031) Headlines

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