Hokkai Electrical Construction Co (SSE:1832) Momentum Rank : 10 (As of Dec. 14, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Hokkai Electrical Construction Co Momentum Rank?

Hokkai Electrical Construction Co has the Momentum Rank of 10.

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 Hokkai Electrical Construction Co's Momentum Rank

For the Engineering & Construction subindustry, Hokkai Electrical Construction 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.

Hokkai Electrical Construction Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hokkai Electrical Construction Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hokkai Electrical Construction Co's Momentum Rank falls into.

Hokkai Electrical Construction Co Momentum Rank Related Terms

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

Hokkai Electrical Construction Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hokkai Electrical Construction Co Inc (SSE:1832) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 No. 21 1-chome, Sapporo Shiroishi-ku, Kikusui Article 2, Sapporo, JPN, 003-8531

Website

http://www.hokkaidenki.co.jp

Hokkai Electrical Construction Co Inc manufactures electrical equipment and mechanical equipment. The company also manufactures power generation equipment such as photovoltaic power generation and wind power generation, interconnection equipment of low pressure, high pressure, special high pressure for interconnecting to the electric power system, and system requirement equipment such as storage battery installation. The company provides power distribution facility and telecommunications network facility.

Hokkai Electrical Construction Co Headlines

No Headlines