Mitsubishi Chemical Group (STU:M3C) Momentum Rank : 4 (As of Dec. 04, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Mitsubishi Chemical Group Momentum Rank?

Mitsubishi Chemical Group has the Momentum Rank of 4.

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 Mitsubishi Chemical Group's Momentum Rank

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.

Mitsubishi Chemical Group's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Mitsubishi Chemical Group's Momentum Rank falls into.

Mitsubishi Chemical Group Momentum Rank Related Terms

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

Mitsubishi Chemical Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (STU:M3C) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MTLHY:USA MTLHF:USA 4188:Japan

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

Mitsubishi Chemical Group Headlines

No Headlines