Nozaki Insatsu Shigyo Co (TSE:7919) Momentum Rank : 8 (As of May. 06, 2024)

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What is Nozaki Insatsu Shigyo Co Momentum Rank?

Nozaki Insatsu Shigyo 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 Nozaki Insatsu Shigyo Co's Momentum Rank

For the Specialty Business Services subindustry, Nozaki Insatsu Shigyo 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.

Nozaki Insatsu Shigyo Co's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nozaki Insatsu Shigyo Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nozaki Insatsu Shigyo Co's Momentum Rank falls into.

Nozaki Insatsu Shigyo Co Momentum Rank Related Terms

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Nozaki Insatsu Shigyo Co (TSE:7919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nozaki Insatsu Shigyo Co Ltd (TSE:7919) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

54-5 Shimofusacho, Kyoto, JPN

Website

http://www.nozakiinsatu.co.jp

Nozaki Insatsu Shigyo Co Ltd is a comprehensive printing company. The company operates through its four business divisions. The Commercial Printing division is involved in the manufacture and sale of calendars, catalogues, pamphlets, direct mail, posters and fine art print. The Packaging Materials and Paper Products division is engaged in the manufacture and sale of packaging paper, paper containers, paper bags and business forms. The Information Equipment and Supplies division is engaged in the manufacture of barcode printers, full-colour card printers, tags, labels and seals. The Others division is engaged in the manufacture and sale of plastic bags and carry bags, among others.

Nozaki Insatsu Shigyo Co (TSE:7919) Headlines

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