DDS (TSE:3782) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is DDS Momentum Rank?

DDS has the Momentum Rank of 0.

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.

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DDS (TSE:3782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DDS Inc (TSE:3782) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

DDS building, 7th Floor 3-6-41 Marunouchi, Naka-ku, Nagoya, JPN, 460-0002

Website

http://www.dds.co.jp

DDS Inc is a fabless venture company engaged in the research and development of multimedia products. The company operates through two business divisions: Biometrics business and Research and Development/Customized Development business. The Biometrics division pursues the research, development, and sales of information technology-related products such as fingerprint authentication systems for PCs and cell phones using biometric authentication technology. The development division has a customized development system covering a wide range of technologies and product fields.

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