Japan Exchange Group (TSE:8697) Momentum Rank : 9 (As of May. 02, 2024)

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What is Japan Exchange Group Momentum Rank?

Japan Exchange Group has the Momentum Rank of 9.

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 Japan Exchange Group's Momentum Rank

For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group'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.

Japan Exchange Group's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Japan Exchange Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Japan Exchange Group's Momentum Rank falls into.

Japan Exchange Group Momentum Rank Related Terms

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Japan Exchange Group (TSE:8697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Japan Exchange Group Inc (TSE:8697) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OSCUF:USA JPXGY:USA OSK:Germany

Address

2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo, JPN, 103-8224

Website

http://www.jpx.co.jp

Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.

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