Mitsubishi Gas Chemical Co (TSE:4182) Momentum Rank : 10 (As of May. 12, 2024)

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What is Mitsubishi Gas Chemical Co Momentum Rank?

Mitsubishi Gas Chemical 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.

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Competitive Comparison of Mitsubishi Gas Chemical Co's Momentum Rank

For the Specialty Chemicals subindustry, Mitsubishi Gas Chemical 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.

Mitsubishi Gas Chemical Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Gas Chemical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mitsubishi Gas Chemical Co's Momentum Rank falls into.

Mitsubishi Gas Chemical Co Momentum Rank Related Terms

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Mitsubishi Gas Chemical Co (TSE:4182) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MUG:Germany

Address

5-2 Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8324

Website

http://www.mgc.co.jp

Mitsubishi Gas Chemical Co Inc manufactures and sells a variety of chemicals. The company organizes itself into four primary segments based on product type. The natural gas chemicals segment, which generates the most revenue of the segments, sells methanol, ammonia, and other chemicals produced from natural gas that are used to make fertilizers, plastics, and coatings. The specialty chemicals segment sells chemicals used to produce semiconductors, liquid crystals for televisions and monitors, and resins used to make plastic products. The aromatic chemicals segment sells terephthalic acid used to produce plastic bottles. The information and advanced materials segment sells copper laminates and oxygen absorbers.

Mitsubishi Gas Chemical Co (TSE:4182) Headlines

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