Nippon Parking Development Co (TSE:2353) Momentum Rank : 10 (As of Jun. 03, 2024)

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What is Nippon Parking Development Co Momentum Rank?

Nippon Parking Development Co has the Momentum Rank of 10.

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 Nippon Parking Development Co's Momentum Rank

For the Infrastructure Operations subindustry, Nippon Parking Development Co'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.

Nippon Parking Development Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nippon Parking Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nippon Parking Development Co's Momentum Rank falls into.

Nippon Parking Development Co Momentum Rank Related Terms

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Nippon Parking Development Co (TSE:2353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nippon Parking Development Co Ltd (TSE:2353) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3SY:Germany

Address

Osaka Fukoku Seimei Building, 2-4 Komatsubara-cho, Kita-ku, Osaka, JPN, 530-0018

Website

http://www.n-p-d.co.jp

Nippon Parking Development Co Ltd provides car parking solutions and services. The company is engaged in providing hospitality management upgrade solutions and planning to use the unused real estate assets for parking solutions. It also provides consultation in other aspects such as depreciation, maintenance, and repair costs of parking facilities. Its client base involves building owners, parking facility owners, hotel business owners, and store owners.

Nippon Parking Development Co (TSE:2353) Headlines

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