Kyowa Leather Cloth Co (TSE:3553) Momentum Rank : 9 (As of May. 27, 2024)

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What is Kyowa Leather Cloth Co Momentum Rank?

Kyowa Leather Cloth Co has the Momentum Rank of 9.

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 Kyowa Leather Cloth Co's Momentum Rank

For the Chemicals subindustry, Kyowa Leather Cloth 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.

Kyowa Leather Cloth Co's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Kyowa Leather Cloth Co's Momentum Rank falls into.

Kyowa Leather Cloth Co Momentum Rank Related Terms

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Kyowa Leather Cloth Co (TSE:3553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kyowa Leather Cloth Co Ltd (TSE:3553) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1876 Higashi-machi, Minami-ku, Shizuoka Prefecture, Hamamatsu, JPN, 30-8510

Website

http://www.kyowale.co.jp

Kyowa Leather Cloth Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the manufacturing, processing, and sales of various synthetic resin products. It operates in Automotive, Housing and Fashion and lifestyle business divisions. Kyowa offers synthetic leather cover materials for automotive interiors, decorative products like wall covering paper or film, wood paneling for furniture, interior doors and walls, steel laminated decorative film, polyvinyl chloride (PVC) products consisting of handbags, shoes, and accessories.

Kyowa Leather Cloth Co (TSE:3553) Headlines

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