HONYAKU Center (TSE:2483) Momentum Rank : 10 (As of Jun. 06, 2024)

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What is HONYAKU Center Momentum Rank?

HONYAKU Center 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 HONYAKU Center's Momentum Rank

For the Specialty Business Services subindustry, HONYAKU Center'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.

HONYAKU Center's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HONYAKU Center's Momentum Rank distribution charts can be found below:

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

HONYAKU Center Momentum Rank Related Terms

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HONYAKU Center (TSE:2483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HONYAKU Center Inc (TSE:2483) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-3 Kyutaro-machi, Chuo-ku, Midousuji building, 13th floor, Osaka, JPN, 541-0056

Website

http://www.honyakuctr.com

HONYAKU Center Inc is a technical translation firm. It provides translation services in the medical and pharmaceutical, patent, industrial, financial, and legal fields. It also provides interpreting, medical writing services, and foreign patent applications.

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