Megmilk Snow Brand Co (TSE:2270) Momentum Rank : 3 (As of Jun. 25, 2024)

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What is Megmilk Snow Brand Co Momentum Rank?

Megmilk Snow Brand Co has the Momentum Rank of 3.

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 Megmilk Snow Brand Co's Momentum Rank

For the Packaged Foods subindustry, Megmilk Snow Brand 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.

Megmilk Snow Brand Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Megmilk Snow Brand Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Megmilk Snow Brand Co's Momentum Rank falls into.

Megmilk Snow Brand Co Momentum Rank Related Terms

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Megmilk Snow Brand Co (TSE:2270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Megmilk Snow Brand Co Ltd (TSE:2270) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2270:Japan

Address

5-1, Yotsuya, Honshio-cho, Shinjuku-ku, Tokyo, JPN, 160-8575

Website

http://www.meg-snow.com

Megmilk Snow Brand Co Ltd is involved in manufacturing and selling cow's milk, milk products and other foods. The company has Dairy products, Beverages and Desserts, Feedstuffs and Seed products and International business domains. Its products include producing and selling of butter, margarine, processed cheese, natural cheese and condensed and skim milk, yogurts etc. The firm also operates in nutrition business, dairy products business and functional ingredients business.

Megmilk Snow Brand Co (TSE:2270) Headlines

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