Chukyo Iyakuhin Co (TSE:4558) Momentum Rank : 4 (As of Jun. 23, 2024)

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What is Chukyo Iyakuhin Co Momentum Rank?

Chukyo Iyakuhin Co has the Momentum Rank of 4.

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 Chukyo Iyakuhin Co's Momentum Rank

For the Department Stores subindustry, Chukyo Iyakuhin 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.

Chukyo Iyakuhin Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chukyo Iyakuhin Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chukyo Iyakuhin Co's Momentum Rank falls into.

Chukyo Iyakuhin Co Momentum Rank Related Terms

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Chukyo Iyakuhin Co (TSE:4558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chukyo Iyakuhin Co Ltd (TSE:4558) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-15-1 Kamezaki Kitaura-cho, Handa-shi, Aichi, Kamezakikitaura, JPN, 475-8541

Website

http://www.chukyoiyakuhin.co.jp

Chukyo Iyakuhin Co Ltd is engaged in the businesses of Healthcare, Aquamagic, Lifecare, Insurance and Shopping website. In the Healthcare business, the company provides health-related products and lifestyle items. In the Aquamagic business, the entity offers water to its customers. The Lifecare business covers company offering health-related products like beverages, food products, and sanitary goods. It also offers the products through its website to the customers.

Chukyo Iyakuhin Co (TSE:4558) Headlines

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