Kurita Water Industries (Kurita Water Industries) Momentum Rank : 9 (As of Apr. 27, 2024)

View and export this data going back to 2004. Start your Free Trial

What is Kurita Water Industries Momentum Rank?

Kurita Water Industries 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 Kurita Water Industries's Momentum Rank

For the Pollution & Treatment Controls subindustry, Kurita Water Industries'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.

Kurita Water Industries's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Kurita Water Industries's Momentum Rank falls into.

Kurita Water Industries Momentum Rank Related Terms

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

Kurita Water Industries (Kurita Water Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KTWIY:USA 6370:Japan KWI:Germany KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus

Third Avenue Management Comments on Kurita Water Industries Ltd.

By Holly LaFon • 03-27-2014