Shinsho (TSE:8075) 6-1 Month Momentum % : 18.66% (As of Jun. 07, 2024)

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What is Shinsho 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 (2024-06-07), Shinsho's 6-1 Month Momentum % is 18.66%.

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

TSE:8075's 6-1 Month Momentum % is ranked better than
76.35% of 647 companies
in the Steel industry
Industry Median: 1.21 vs TSE:8075: 18.66

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

For the Steel subindustry, Shinsho'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.

Shinsho's 6-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shinsho's 6-1 Month Momentum % distribution charts can be found below:

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

Shinsho (TSE:8075) 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.

Shinsho (TSE:8075) 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.

Shinsho 6-1 Month Momentum % Related Terms

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Shinsho (TSE:8075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shinsho Corp (TSE:8075) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yodoyabashi Square, 2-6-18 Kitahama, Chuo-ku, Chuo-ku, Osaka, JPN, 541-8557

Website

http://www.shinsho.co.jp

Shinsho Corp is mainly engaged in the import/export and trading of products. It is organized into five business divisions. The Iron and Steel division supplies wire rods and bars, steel plates, steel sheets, and steel powders. The Ferrous Raw Materials division supplies ferrous raw materials, titanium materials, coal for boilers, alloy steel, and coke breeze. The Nonferrous Metals division supplies the aluminium and copper products. The Machinery and Electronics division focuses on industrial machinery and electronic equipment and materials. The Welding division supports a diverse range of manufacturing industries by providing welding materials, equipment, and welding robot systems. The majority of its revenue is derived from the Iron and Steel, and Nonferrous Metals segments.

Shinsho (TSE:8075) Headlines

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