Media Kobo (TSE:3815) Momentum Rank : 2 (As of Jun. 06, 2024)

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What is Media Kobo Momentum Rank?

Media Kobo has the Momentum Rank of 2.

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 Media Kobo's Momentum Rank

For the Internet Content & Information subindustry, Media Kobo'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.

Media Kobo's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Media Kobo's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Media Kobo's Momentum Rank falls into.

Media Kobo Momentum Rank Related Terms

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Media Kobo (TSE:3815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Media Kobo Inc (TSE:3815) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-6 Akasaka, 12th floor, Sumitomo Realty Shin-Akasaka Building, Tokyo, JPN, 107-0052

Website

http://www.mkb.ne.jp

Media Kobo Inc is engaged in digital content and related merchandising business. The business of the company includes divination content, game content, new business, and VR business.

Media Kobo (TSE:3815) Headlines

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