Oji Holdings (Oji Holdings) Momentum Rank : 8 (As of Apr. 30, 2024)

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What is Oji Holdings Momentum Rank?

Oji Holdings 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 Oji Holdings's Momentum Rank

For the Paper & Paper Products subindustry, Oji Holdings'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.

Oji Holdings's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Oji Holdings's Momentum Rank distribution charts can be found below:

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

Oji Holdings Momentum Rank Related Terms

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Oji Holdings (Oji Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Oji Holdings Corp (OTCPK:OJIPY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OJIPF:USA 3861:Japan OJI:Germany

Address

7-5, Ginza 4-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.ojiholdings.co.jp

Oji Holdings Corp is a holding company whose subsidiaries produce and sell pulp and a variety of paper products The company organizes itself into four segments based on product type. The household and industrial materials segment, which generates more revenue than any other segment, sells packaging materials, paper towels, toilet paper, tissues, and diapers. The functional materials segment sells adhesive paper, specialty paper, and film. The forest resources and environmental marketing segment sells lumber, pulp, and biomass fuel. The printing and communications media segment sells newsprint, magazine paper, and printer paper.

Oji Holdings (Oji Holdings) Headlines

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