KYB (TSE:7242) Momentum Rank : 8 (As of May. 17, 2024)

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What is KYB Momentum Rank?

KYB 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 KYB's Momentum Rank

For the Auto Parts subindustry, KYB'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.

KYB's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, KYB's Momentum Rank distribution charts can be found below:

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

KYB Momentum Rank Related Terms

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KYB (TSE:7242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » KYB Corp (TSE:7242) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

60V:Germany

Address

World Trade Center Building, 11th Floor, 4-1, Hamamatsu-cho 2-chome, Minato-ku, Tokyo, JPN, 105-6111

Website

https://www.kyb.co.jp

KYB Corp is a Japanese automobile equipment manufacturer. The company products are divided into three branches hydraulic components (HC), automotive components (AC) and others. Through its operating segments, it provides various products such as shock absorber, suspension system, power steering, motion simulators, front fork and oil cushion unit, tunnel borers, vane pump and electronic parts. It also provides concrete mixer trucks, granule carriers, chipping vehicle and special function vehicles. The majority of the sales are accounted from the AC and HC products.

KYB (TSE:7242) Headlines

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