Kanaden (TSE:8081) Momentum Rank : 6 (As of May. 16, 2024)

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What is Kanaden Momentum Rank?

Kanaden has the Momentum Rank of 6.

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 Kanaden's Momentum Rank

For the Conglomerates subindustry, Kanaden'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.

Kanaden's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kanaden's Momentum Rank distribution charts can be found below:

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

Kanaden Momentum Rank Related Terms

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Kanaden (TSE:8081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kanaden Corp (TSE:8081) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Triton square z, 1-8-12, Harumi, Chuo-ku, Tokyo, JPN, 104-6215

Website

https://www.kanaden.co.jp

Kanaden Corp engages in the manufacture and sale of various types of electrical, electronic, communications machinery, related components, and materials. Its FA Systems segment provides factory automation equipment, laser processing machines, and mechatronic products. The building facilities segment offers uninterruptible power supplies, building management systems, air-conditioning equipment. The infrastructure segment manages the sale of substation power equipment, telecommunications equipment, and vehicle-use electrical equipment. It also sells systems for traffic safety, air traffic control. The information and communication equipment segment handles the sale of microcomputers for security systems, video systems, telecommunications equipment, automobiles.

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