Sumitomo Osaka Cement Co (Sumitomo Osaka Cement Co) Momentum Rank : 3 (As of May. 17, 2024)

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What is Sumitomo Osaka Cement Co Momentum Rank?

Sumitomo Osaka Cement 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 Sumitomo Osaka Cement Co's Momentum Rank

For the Building Materials subindustry, Sumitomo Osaka Cement 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.

Sumitomo Osaka Cement Co's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Sumitomo Osaka Cement Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sumitomo Osaka Cement Co's Momentum Rank falls into.

Sumitomo Osaka Cement Co Momentum Rank Related Terms

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Sumitomo Osaka Cement Co (Sumitomo Osaka Cement Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sumitomo Osaka Cement Co Ltd (OTCPK:SUCEF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

5232:Japan

Address

6-28, Rokubancho, Chiyoda-ku, Tokyo, JPN, 102-8465

Website

http://www.soc.co.jp

Sumitomo Osaka Cement Co Ltd is a producer of cement and cement-related products. The largest operating segment by revenue offers assorted cements, ready-mix concrete, cement-related solidification materials, supply of electrical power, and recycling of raw materials and fuel. Sumitomo Osaka Cement also supplies repairing and reinforcing products for concrete structures, mineral resources, optoelectronics, and advanced materials. Sumitomo's operation is focused on Japan, with nearly all its revenue generated in the Japan area.

Sumitomo Osaka Cement Co (Sumitomo Osaka Cement Co) Headlines

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