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DIC (DICCF) Momentum Rank : 6 (As of Dec. 04, 2024)


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What is DIC Momentum Rank?

DIC has the Momentum Rank of 6.

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 DIC's Momentum Rank

For the Specialty Chemicals subindustry, DIC'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.

DIC's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, DIC's Momentum Rank distribution charts can be found below:

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


DIC Momentum Rank Related Terms

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

DIC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DIC Corp (OTCPK:DICCF) » Definitions » Momentum Rank
Comparable Companies
TSE:4208 TSE:4046 TSE:4118 TSE:5301 TSE:4401 TSE:8012 TSE:8098 TSE:4205 TSE:7966 TSE:4023 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
4631:Japan
Address
DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8233
Website
http://www.dic-global.com/en/index.html
DIC Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The printing inks segment, which generates the most revenue of any segment, sells inks used for publishing as well as inks and adhesives used for packaging. The polymers segment sells synthetic resins used in electronics and automobiles. The fine chemicals segment sells liquid crystals used for televisions and monitors as well as pigments for color filters. The application materials segment sells industrial adhesive tape as well as materials used for coating, printing, and molding.