Mitsubishi Paper Mills (TSE:3864) Momentum Rank : 7 (As of May. 26, 2024)

View and export this data going back to 1949. Start your Free Trial

What is Mitsubishi Paper Mills Momentum Rank?

Mitsubishi Paper Mills has the Momentum Rank of 7.

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 Mitsubishi Paper Mills's Momentum Rank

For the Paper & Paper Products subindustry, Mitsubishi Paper Mills'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.

Mitsubishi Paper Mills's Momentum Rank Distribution in the Forest Products Industry

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

* The bar in red indicates where Mitsubishi Paper Mills's Momentum Rank falls into.

Mitsubishi Paper Mills Momentum Rank Related Terms

Thank you for viewing the detailed overview of Mitsubishi Paper Mills's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitsubishi Paper Mills (TSE:3864) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mitsubishi Paper Mills Ltd (TSE:3864) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MPX:Germany

Address

2-10-14 Ryogoku, Sumida-ku, Tokyo, JPN, 130-0026

Website

http://www.mpm.co.jp

Mitsubishi Paper Mills Ltd is a paper and paper manufacturing company. The company manufactures printing paper, printing plate materials and printing systems supporting offset and other printing. Its segments consist of Paper and Pulp, Imaging Media, Speciality Materials and Warehouse and Transportation. The company generates maximum revenue from the Paper and Pulp segment. Its offers graphic arts material; photographic materials; inkjet media; thermo memory; battery separator; air filter and others. Geographically, it derives a majority of revenue from Japan and also has a presence in Europe; Asia; North America and Other Countries.

Mitsubishi Paper Mills (TSE:3864) Headlines

No Headlines