Kyowa Electronic Instruments Co (TSE:6853) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is Kyowa Electronic Instruments Co Momentum Rank?

Kyowa Electronic Instruments Co 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 Kyowa Electronic Instruments Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Kyowa Electronic Instruments 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 Electronic Instruments Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kyowa Electronic Instruments Co's Momentum Rank distribution charts can be found below:

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

Kyowa Electronic Instruments Co Momentum Rank Related Terms

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Kyowa Electronic Instruments Co (TSE:6853) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-1, Chofugaoka, Chofu, Tokyo, JPN, 182-8520

Website

http://www.kyowa-ei.co.jp

Kyowa Electronic Instruments Co Ltd is engaged in the manufacturing and distribution of stress measurement devices in experimental research fields of government offices, corporations, and universities. It is also involved in the manufacturing and distribution of various measurement devices for civil engineering and construction. In addition to product and system development, design and fabrication, the company also offers a comprehensive services from proposals for measurement technology tailored to specific issues to technical support and maintenance. It mainly serves the government and municipal offices, national, public, and private universities, construction industry, textile/ chemical industry, petroleum industry, and rubber industry.

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