Yamazaki Baking Co (TSE:2212) Momentum Rank : 3 (As of Nov. 13, 2024)

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What is Yamazaki Baking Co Momentum Rank?

Yamazaki Baking Co has the Momentum Rank of 3.

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 Yamazaki Baking Co's Momentum Rank

For the Packaged Foods subindustry, Yamazaki Baking 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.

Yamazaki Baking Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yamazaki Baking Co's Momentum Rank distribution charts can be found below:

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

Yamazaki Baking Co Momentum Rank Related Terms

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Yamazaki Baking Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yamazaki Baking Co Ltd (TSE:2212) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-1, Iwamotocho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-8585

Website

http://www.yamazakipan.co.jp

Yamazaki Baking is the largest manufacturer of packaged baked goods in Japan, with a nationwide manufacturing and distribution network. It holds about a 40% share of domestic packaged bakery sales. Bread loaves and sweet buns contribute about 44% of group sales. Other key products include Japanese and western-style sweets, biscuits, as well as sandwiches and prepared meal boxes supplied to convenience stores and supermarkets. It also operates a chain of 1,400-plus Daily Yamazaki convenience stores in Japan. While Yamazaki also operates fresh bakeries in Asia, most of the overseas businesses remain unconsolidated given unmeaningful contribution.

Yamazaki Baking Co Headlines

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