SMNNY (Shimano) Momentum Rank : 4 (As of Dec. 15, 2024)

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What is Shimano Momentum Rank?

Shimano has the Momentum Rank of 4.

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 Shimano's Momentum Rank

For the Leisure subindustry, Shimano'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.

Shimano's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shimano's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shimano's Momentum Rank falls into.

Shimano Momentum Rank Related Terms

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Shimano Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shimano Inc (OTCPK:SMNNY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SHMDF:USA 7309:Japan SHM:Germany

Address

3-77 Oimatsu-cho, Sakai-ku, Sakai, Osaka Prefecture, JPN, 590-8577

Website

https://www.shimano.com

Shimano develops, manufactures, and sells bicycle components, fishing tackles, and other gears like apparel items/shoes. Approximately 80% of companywide revenue comes from its bicycle components segment. Shimano has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. The company was founded in 1921, and its headquarters are in Osaka, Japan.

Shimano Headlines

From GuruFocus

Hennessy Japan Fund Comments on Shimano Inc and ASICS Corp

By Vera Yuan Vera Yuan • 12-31-2014

First Eagle Comments on Shimano

By Sydnee Gatewood • 10-29-2021

Hennessy Japan Fund Commentary: Tailwinds for Select, High-Quality Japanese Companies

By Sydnee Gatewood Sydnee Gatewood • 05-12-2021

Hennessy Japan Fund Adds to 16 Stakes

By David Goodloe David Goodloe • 09-30-2015

Hennessy Japan Fund Company Spotlight: Shimano Inc.

By Sydnee Gatewood Sydnee Gatewood • 12-02-2020

T Rowe Price Japan Fund Starts 4 Positions in 4th Quarter

By James Li James Li • 01-16-2018

Shimano Stock Looks Interesting on Net Debt Valuation

By Holmes Osborne, CFA Holmes Osborne, CFA • 02-26-2018