Nisshinbo Holdings (TSE:3105) Momentum Rank : 8 (As of May. 21, 2024)

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What is Nisshinbo Holdings Momentum Rank?

Nisshinbo Holdings has the Momentum Rank of 8.

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 Nisshinbo Holdings's Momentum Rank

For the Conglomerates subindustry, Nisshinbo Holdings'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.

Nisshinbo Holdings's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nisshinbo Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nisshinbo Holdings's Momentum Rank falls into.

Nisshinbo Holdings Momentum Rank Related Terms

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Nisshinbo Holdings (TSE:3105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nisshinbo Holdings Inc (TSE:3105) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NSHBY:USA

Address

2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650

Website

http://www.nisshinbo.co.jp

Nisshinbo Holdings Inc is a Japan-based company that is primarily engaged in electronics, automobile brake, textile, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business primarily manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts and others.

Nisshinbo Holdings (TSE:3105) Headlines

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