Quantum Solutions Co (TSE:2338) Momentum Rank : 2 (As of May. 04, 2024)

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What is Quantum Solutions Co Momentum Rank?

Quantum Solutions 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 Quantum Solutions Co's Momentum Rank

For the Information Technology Services subindustry, Quantum Solutions 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.

Quantum Solutions Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Quantum Solutions Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Quantum Solutions Co's Momentum Rank falls into.

Quantum Solutions Co Momentum Rank Related Terms

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Quantum Solutions Co (TSE:2338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quantum Solutions Co Ltd (TSE:2338) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-9 Kudan Kita, Kudan VIGAS Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 102-0073

Website

https://www.quantum-s.co.jp

Quantum Solutions Co Ltd engages in fintech business, content development and delivery, and software outsourcing development. It also develops and distributes content; and offers business and technical consulting, internet, business construction, and project support services.

Quantum Solutions Co (TSE:2338) Headlines

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