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Monex Group (Monex Group) Momentum Rank : 6 (As of Apr. 29, 2024)


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What is Monex Group Momentum Rank?

Monex Group 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 Monex Group's Momentum Rank

For the Capital Markets subindustry, Monex Group'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.

Monex Group's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Monex Group's Momentum Rank distribution charts can be found below:

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


Monex Group Momentum Rank Related Terms

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Monex Group (Monex Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Monex Group Inc (OTCPK:MNXBF) » Definitions » Momentum Rank
Comparable Companies
TSE:9552 TSE:8628 TSE:8609 TSE:8616 TSE:2127 TSE:6080 TSE:7177 TSE:6196 TSE:8613 TSE:8708 MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908
Traded in Other Exchanges
8698:Japan NNL:Germany
Address
2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-0083
Website
http://www.monexgroup.jp
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.