Honda Motor Co (LTS:0J5T) Momentum Rank : 2 (As of Dec. 11, 2024)

View and export this data going back to 1990. Start your Free Trial

What is Honda Motor Co Momentum Rank?

Honda Motor Co has the Momentum Rank of 2.

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 Honda Motor Co's Momentum Rank

For the Auto Manufacturers subindustry, Honda Motor 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.

Honda Motor Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Motor Co's Momentum Rank distribution charts can be found below:

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

Honda Motor Co Momentum Rank Related Terms

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

Honda Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Honda Motor Co Ltd (LTS:0J5T) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HNDAF:USA HMC:USA HMC:Mexico 7267:Japan HDM:Germany HDM:Germany HDM:Germany HOND34:Brazil HMC:Argentina

Address

No. 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8556

Website

https://global.honda

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 4.1 million light vehicles and 18.8 million motorcycles in fiscal 2024, and consolidated sales were JPY 20.4 trillion. Automobiles constitute 66% of revenue and motorcycles 16%, with the rest split between power products and financial services. Honda also makes robots and private jets.

Honda Motor Co Headlines

No Headlines