GMO Payment Gateway (TSE:3769) Momentum Rank : 10 (As of Dec. 13, 2024)

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What is GMO Payment Gateway Momentum Rank?

GMO Payment Gateway 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 GMO Payment Gateway's Momentum Rank

For the Software - Infrastructure subindustry, GMO Payment Gateway'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.

GMO Payment Gateway's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, GMO Payment Gateway's Momentum Rank distribution charts can be found below:

* The bar in red indicates where GMO Payment Gateway's Momentum Rank falls into.

GMO Payment Gateway Momentum Rank Related Terms

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GMO Payment Gateway Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GMO Payment Gateway Inc (TSE:3769) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GMYTF:USA 3RH:Germany

Address

1-9-5 Dogenzaka, Tokyo, JPN

Website

http://corp.gmo-pg.com

GMO Payment Gateway Inc is a settlement service company. The company offers payment solutions for credit cards, convenience store settlements, catalogue and TV purchases, and online shopping and e-commerce. The service includes the processing of payments, the storage of sensitive personal data, and recurring billing options. GMO Payments Gateway operates in Japan.

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