TRaaS On Product (TSE:6696) Momentum Rank : 5 (As of May. 28, 2024)

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What is TRaaS On Product Momentum Rank?

TRaaS On Product has the Momentum Rank of 5.

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 TRaaS On Product's Momentum Rank

For the Communication Equipment subindustry, TRaaS On Product'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.

TRaaS On Product's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TRaaS On Product's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TRaaS On Product's Momentum Rank falls into.

TRaaS On Product Momentum Rank Related Terms

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TRaaS On Product (TSE:6696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TRaaS On Product Inc (TSE:6696) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-9-30 Kitasaiwai, Nishi Ward, Yokohama Nishiguchi Kato Building2nd floor, Kanagawa Prefecture, Yokohama, JPN, 220-0004

Website

https://www.traas.co.jp

TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.

TRaaS On Product (TSE:6696) Headlines

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