Daiseki Co (TSE:9793) Momentum Rank : 1 (As of May. 05, 2024)

View and export this data going back to 1999. Start your Free Trial

What is Daiseki Co Momentum Rank?

Daiseki Co has the Momentum Rank of 1.

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 Daiseki Co's Momentum Rank

For the Waste Management subindustry, Daiseki 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.

Daiseki Co's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiseki Co's Momentum Rank distribution charts can be found below:

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

Daiseki Co Momentum Rank Related Terms

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

Daiseki Co (TSE:9793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Daiseki Co Ltd (TSE:9793) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DSKIF:USA

Address

1-86 Funami-cho Minato-ku, Aichi, Nagoya, JPN, 4558505

Website

http://www.daiseki.co.jp

Daiseki Co Ltd provides industrial waste treatment and resource recycling throughout Japan. Its core business activities are treating waste oil, waste water, and sludge. It collects and recycles oils and waste water from clients and processes the waste into heavy oil or supplemental fuel. Separators and filters remove deteriorated components, and other systems either refine or adjust products into reusable form. Final products are either delivered back to clients or shipped to market. Advanced technology partners with experienced employees to analyze and classify the particular waste to determine the correct solution; methods revolve around dehydration, kneading, and a combination of mixing and chemical treatment.

Daiseki Co (TSE:9793) Headlines

No Headlines