Square Enix Holdings Co (TSE:9684) Momentum Rank : 4 (As of May. 04, 2024)

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What is Square Enix Holdings Co Momentum Rank?

Square Enix Holdings Co has the Momentum Rank of 4.

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 Square Enix Holdings Co's Momentum Rank

For the Electronic Gaming & Multimedia subindustry, Square Enix Holdings 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.

Square Enix Holdings Co's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Square Enix Holdings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Square Enix Holdings Co's Momentum Rank falls into.

Square Enix Holdings Co Momentum Rank Related Terms

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Square Enix Holdings Co (TSE:9684) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Square Enix Holdings Co Ltd (TSE:9684) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SQNNY:USA SQNXF:USA EI4:Germany

Address

Shinjuku Eastside Square, 6-27-30 Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-8430

Website

http://www.hd.square-enix.com

Square Enix Holdings Co Ltd is a Japanese holding company that is involved with entertainment content and services. The firm's segments include digital entertainment, which designs, develops, and sells digital entertainment products and games; amusement, which operates amusement facilities and distributes arcade game machines; publication, which publishes comic books, game strategy books, and magazines; and merchandising, which produces, distributes, and licenses derivative products of titles owned by the firm. Square Enix derives the majority of its revenue from its digital entertainment operations.

Square Enix Holdings Co (TSE:9684) Headlines

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