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Shin-Etsu Chemical Co (TSE:4063) 12-1 Month Momentum % : 33.77% (As of Oct. 31, 2024)


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What is Shin-Etsu Chemical Co 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-10-31), Shin-Etsu Chemical Co's 12-1 Month Momentum % is 33.77%.

The industry rank for Shin-Etsu Chemical Co's 12-1 Month Momentum % or its related term are showing as below:

TSE:4063's 12-1 Month Momentum % is ranked better than
79.44% of 1561 companies
in the Chemicals industry
Industry Median: 1.57 vs TSE:4063: 33.77

Competitive Comparison of Shin-Etsu Chemical Co's 12-1 Month Momentum %

For the Chemicals subindustry, Shin-Etsu Chemical Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Shin-Etsu Chemical Co's 12-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's 12-1 Month Momentum % falls into.



Shin-Etsu Chemical Co  (TSE:4063) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shin-Etsu Chemical Co  (TSE:4063) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Shin-Etsu Chemical Co 12-1 Month Momentum % Related Terms

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Shin-Etsu Chemical Co Business Description

Traded in Other Exchanges
Address
6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004
Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

Shin-Etsu Chemical Co Headlines

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