Meiji Holdings Co (TSE:2269) 12-1 Month Momentum %

: 7.18% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-17), Meiji Holdings Co's 12-1 Month Momentum % is 7.18%.

The industry rank for Meiji Holdings Co's 12-1 Month Momentum % or its related term are showing as below:

TSE:2269's 12-1 Month Momentum % is ranked better than
62.62% of 1953 companies
in the Consumer Packaged Goods industry
Industry Median: -2.26 vs TSE:2269: 7.18

Competitive Comparison

For the Packaged Foods subindustry, Meiji Holdings Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.

Meiji Holdings Co 12-1 Month Momentum % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Meiji Holdings Co's 12-1 Month Momentum % falls into.

Meiji Holdings Co (TSE:2269) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Meiji Holdings Co (TSE:2269) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Meiji Holdings Co 12-1 Month Momentum % Related Terms

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Meiji Holdings Co (TSE:2269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (TSE:2269) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

MEJHY:USA

Address

4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.meiji.com

Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

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