Mizuho Financial Group (Mizuho Financial Group) 6-1 Month Momentum % : 20.96% (As of Apr. 28, 2024)

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What is Mizuho Financial Group 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Mizuho Financial Group's 6-1 Month Momentum % is 20.96%.

The industry rank for Mizuho Financial Group's 6-1 Month Momentum % or its related term are showing as below:

MFG's 6-1 Month Momentum % is ranked better than
74.04% of 1556 companies
in the Banks industry
Industry Median: 10.255 vs MFG: 20.96

Competitive Comparison of Mizuho Financial Group's 6-1 Month Momentum %

For the Banks - Regional subindustry, Mizuho Financial Group's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Mizuho Financial Group's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mizuho Financial Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Mizuho Financial Group's 6-1 Month Momentum % falls into.

Mizuho Financial Group (NYSE:MFG) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Mizuho Financial Group (NYSE:MFG) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Mizuho Financial Group 6-1 Month Momentum % Related Terms

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Mizuho Financial Group (Mizuho Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (NYSE:MFG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

MZHOF:USA 8411:Japan MZ8A:Germany MZ8:Germany MZ8:Germany MFG:Argentina

Address

1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176

Website

https://www.mizuho-fg.co.jp

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.