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KEIWA (TSE:4251) 6-1 Month Momentum % : -5.25% (As of Jun. 10, 2024)


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What is KEIWA 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-10), KEIWA's 6-1 Month Momentum % is -5.25%.

The industry rank for KEIWA's 6-1 Month Momentum % or its related term are showing as below:

TSE:4251's 6-1 Month Momentum % is ranked worse than
58.22% of 2477 companies
in the Hardware industry
Industry Median: -1.21 vs TSE:4251: -5.25

Competitive Comparison of KEIWA's 6-1 Month Momentum %

For the Electronic Components subindustry, KEIWA's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.


KEIWA's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, KEIWA's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where KEIWA's 6-1 Month Momentum % falls into.



KEIWA  (TSE:4251) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


KEIWA  (TSE:4251) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.


KEIWA 6-1 Month Momentum % Related Terms

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KEIWA (TSE:4251) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3rd Floor, Sumitomo Life Insurance Kayabacho Building, 2-10-5 Nihonbashi Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
KEIWA Inc is a Japanese based company involved in the optical sheet and functional product business. The optical sheet business includes components of special optical films such as light diffusion sheets and condensing film protective films used in backlight units for liquid crystal displays such as smartphones, whereas the Functional product includes industrial packaging materials with specific functions (moisture resistance, heat resistance, durability), clean energy materials, and other industrial materials such as building materials and agricultural materials.

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