Daiki Aluminium Industry Co (FRA:7YB) Momentum Rank : 5 (As of Jun. 21, 2024)

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What is Daiki Aluminium Industry Co Momentum Rank?

Daiki Aluminium Industry Co has the Momentum Rank of 5.

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 Daiki Aluminium Industry Co's Momentum Rank

For the Aluminum subindustry, Daiki Aluminium Industry 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.

Daiki Aluminium Industry Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Daiki Aluminium Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Daiki Aluminium Industry Co's Momentum Rank falls into.

Daiki Aluminium Industry Co Momentum Rank Related Terms

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Daiki Aluminium Industry Co (FRA:7YB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daiki Aluminium Industry Co Ltd (FRA:7YB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

5702:Japan

Address

Nichiei Bldg., 4-8, 1-chome, Tosabori, Nishi-ku, Osaka, JPN, 5500001

Website

http://www.dik-net.com

Daiki Aluminium Industry Co., Ltd. engages in the manufacture and sale of secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling. The company offers secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling; secondary aluminum ingots for roll products; and aluminum mother alloy ingots. It is also involved in the design, construction, and repair of aluminum smelting furnaces; trading of aluminum ingots and aluminum scrap; and processing of turnings, dross, and defective products arising from sources, such as die-cast and cast metal manufacturers.

Daiki Aluminium Industry Co (FRA:7YB) Headlines

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