Mie Kotsu Group Holdings (TSE:3232) Momentum Rank : 2 (As of Apr. 30, 2025)

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What is Mie Kotsu Group Holdings Momentum Rank?

Mie Kotsu Group Holdings has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Mie Kotsu Group Holdings's Momentum Rank

For the Conglomerates subindustry, Mie Kotsu Group Holdings'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.

Mie Kotsu Group Holdings's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mie Kotsu Group Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mie Kotsu Group Holdings's Momentum Rank falls into.

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Mie Kotsu Group Holdings Momentum Rank Related Terms

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Mie Kotsu Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mie Kotsu Group Holdings Inc (TSE:3232) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, No. 1 Tsu City, Mie, JPN

Website

http://holdings.sanco.co.jp/

Mie Kotsu Group Holdings Inc is a Japan-based company mainly engaged in the provision of transportation services. The company operates through four businesses namely real estate, transportation, distribution and leisure services. Its real estate business is involved in the trading and leasing of real estates. The transportation business offers bus, taxi, railway transportation, and automobile maintenance services. Its distribution business consists of delivering goods and services. The leisure services market operates hotels and golf courses as well as tourism consulting services.

Mie Kotsu Group Holdings Headlines

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