IHI (TSE:7013) Momentum Rank : 7 (As of Apr. 25, 2024)

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What is IHI Momentum Rank?

IHI 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 IHI's Momentum Rank

For the Specialty Industrial Machinery subindustry, IHI'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.

IHI's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IHI's Momentum Rank distribution charts can be found below:

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

IHI Momentum Rank Related Terms

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IHI (TSE:7013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IHI Corp (TSE:7013) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IHICY:USA IHICF:USA IWJ:Germany

Address

1-1, Toyosu 3-chome, Koto-ku, Tokyo, JPN, 135-8710

Website

http://www.ihi.co.jp

IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.

IHI (TSE:7013) Headlines

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