Maruwa Co (TSE:5344) Momentum Rank : 9 (As of May. 13, 2024)

View and export this data going back to 1998. Start your Free Trial

What is Maruwa Co Momentum Rank?

Maruwa Co has the Momentum Rank of 9.

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 Maruwa Co's Momentum Rank

For the Electronic Components subindustry, Maruwa 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.

Maruwa Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maruwa Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Maruwa Co's Momentum Rank falls into.

Maruwa Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Maruwa Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Maruwa Co (TSE:5344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maruwa Co Ltd (TSE:5344) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MAW:UK

Address

3-83, Minamihonjigahara-cho, Aichi, Owariasahi, JPN, 488-0044

Website

http://www.maruwa-g.com

Maruwa Co Ltd engages in production and sale of ceramics and electronics parts. The company operates in four business divisions namely Ceramics that produces ceramic substrates, designs, and patterns circuit on substrates, processes components mounting, Electronic Components/Devices that produce radio frequency components or devices such as EMI filters, magnetic sheets, inductors, and EMC components, Quartz Glass that produces quartz glass products, including quartz boats and tubes for semiconductor industry, multi-walled piping burner for optical fiber, and machined products, and Light-Emitting Diode that produces light-emitting diode lighting fixtures including street lighting, lighting for interior and high ceiling.

Maruwa Co (TSE:5344) Headlines

No Headlines