GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fujikyu Corp (NGO:9966) » Definitions » Momentum Rank

Fujikyu (NGO:9966) Momentum Rank : 0 (As of Jun. 23, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Fujikyu Momentum Rank?

Fujikyu has the Momentum Rank of 0.

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.

Fujikyu Momentum Rank Related Terms

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

Fujikyu (NGO:9966) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fujikyu Corp (NGO:9966) » Definitions » Momentum Rank
Comparable Companies
TSE:3607 TSE:7448 TSE:8013 TSE:8025 TSE:2778 TSE:7615 TSE:3566 TSE:9271 TSE:3189 TSE:3083 XMAD:ITX TJX TSE:9983 LULU ROST BURL LSE:NXT TSE:7564 TSE:2670 LB
Traded in Other Exchanges
N/A
Address
210, 1-Chome, Takayashiro, Meito-ku, Nagoya, JPN, 465-8511
Website
http://www.fujikyu-corp.co.jp
Fujikyu Corp is a Japan-based retail company mainly engaged in the selling of handicrafts, clothing items, and other related goods. It sells products through stores, internet, and mail orders. The company is also engaged in real estate leasing.

Fujikyu (NGO:9966) Headlines

No Headlines