Kitagawa (TSE:6317) Momentum Rank : 9 (As of Jun. 06, 2024)

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What is Kitagawa Momentum Rank?

Kitagawa 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 Kitagawa's Momentum Rank

For the Specialty Industrial Machinery subindustry, Kitagawa'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.

Kitagawa's Momentum Rank Distribution in the Industrial Products Industry

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

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

Kitagawa Momentum Rank Related Terms

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Kitagawa (TSE:6317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitagawa Corp (TSE:6317) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-1 Motomachi, Fuchu-shi, Hiroshima, JPN, 726-8610

Website

https://www.kitagawa.com

Kitagawa Corp is the diversified machinery manufacturing company based in Japan. It is specialised in three core businesses: the production and development of casting and machining techniques of metal raw materials; supplying power chucks and numerically controlled rotary tables to the global machine tool industry; constructing custom-made concrete and recycling plants as well as providing construction machinery for various projects, including bridge erection and self-propelled multi-floor parking. The company has an operational presence across the United Kingdom, the United States of America, China, Taiwan, Australia, Germany and other regions.

Kitagawa (TSE:6317) Headlines

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