Bando Chemical Industries (TSE:5195) Momentum Rank : 10 (As of May. 25, 2024)

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What is Bando Chemical Industries Momentum Rank?

Bando Chemical Industries 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 Bando Chemical Industries's Momentum Rank

For the Specialty Industrial Machinery subindustry, Bando Chemical Industries'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.

Bando Chemical Industries's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bando Chemical Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bando Chemical Industries's Momentum Rank falls into.

Bando Chemical Industries Momentum Rank Related Terms

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Bando Chemical Industries (TSE:5195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bando Chemical Industries Ltd (TSE:5195) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-6, Minatojima Minamimachi 4-chome, Chuo-ku, Kobe, JPN, 650-0047

Website

http://www.bando.co.jp

Bando Chemical Industries Ltd manufactures and sells rubber and plastic products such as power transmission belts and systems, belts used in precision equipment, and multimedia parts made form urethane and resins. It operates its business under Belt, Advanced Elastomer Products, and Other segments. Belt segment manufactures and sells transmission belts for automobiles and general industry use, conveyor belts, resin conveyor belts, synchronous conveyor belts, transportation system products, hulling roll and railway track product, among others. Elastomer segment manufactures and sells polyurethane functional components, precision abrasives, films for building materials, medical films and industrial films, among others. Bando earns the majority of its revenue from Belt business.

Bando Chemical Industries (TSE:5195) Headlines

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