Kitakei Co (TSE:9872) Momentum Rank : 8 (As of May. 30, 2024)

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What is Kitakei Co Momentum Rank?

Kitakei Co has the Momentum Rank of 8.

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 Kitakei Co's Momentum Rank

For the Building Products & Equipment subindustry, Kitakei 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.

Kitakei Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kitakei Co's Momentum Rank distribution charts can be found below:

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

Kitakei Co Momentum Rank Related Terms

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Kitakei Co (TSE:9872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kitakei Co Ltd (TSE:9872) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minami-Honmachi, Chuo-ku, Ito Building 3-6-14, Osaka, JPN, 541-0054

Website

http://www.kitakei.jp

Kitakei Co., Ltd. is a trading company, selling housing materials and equipment in Japan. It provides interior products, including floor, wall, roofing, frame, and building materials; interior doors; stairs, hand railings, and counters; entryway, wall, and closet boxes and storage products; tiles, bricks, and rock/stone materials; and Japanese style housing materials. The company also offers fixtures and fittings, such as kitchen, bath, sink bowl, sink vanity, and toilet products; hot water heaters and electrical water heater among other products.

Kitakei Co (TSE:9872) Headlines

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