Makino Milling Machine Co (TSE:6135) Momentum Rank : 10 (As of May. 10, 2024)

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What is Makino Milling Machine Co Momentum Rank?

Makino Milling Machine 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Makino Milling Machine Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Makino Milling Machine 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.

Makino Milling Machine Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Makino Milling Machine Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Makino Milling Machine Co's Momentum Rank falls into.

Makino Milling Machine Co Momentum Rank Related Terms

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Makino Milling Machine Co (TSE:6135) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makino Milling Machine Co Ltd (TSE:6135) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MKMLF:USA

Address

3-19 Nakane 2-chome, Meguro-ku, Tokyo, JPN, 152-8578

Website

http://www.makino.co.jp

Makino Milling Machine Co., Ltd. is a software and engineering service provider offering machine tool builders. The company manufactures, sells and exports machines. It primarily offers numeric control (NC) electrical discharge machines, NC milling machines, milling machines, computer-aided design (CAD) computer-aided manufacturing (CAM) systems, and other products. Its product application is spread into various industries such as automotive, aerospace, general machining, medical and construction. The firm also engages in the business of equipment financing.

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