Nihon Tokushu Toryo Co (TSE:4619) Momentum Rank : 4 (As of Sep. 25, 2024)

View and export this data going back to 1961. Start your Free Trial

What is Nihon Tokushu Toryo Co Momentum Rank?

Nihon Tokushu Toryo 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 Nihon Tokushu Toryo Co's Momentum Rank

For the Specialty Chemicals subindustry, Nihon Tokushu Toryo 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.

Nihon Tokushu Toryo Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nihon Tokushu Toryo Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nihon Tokushu Toryo Co's Momentum Rank falls into.

Nihon Tokushu Toryo Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Nihon Tokushu Toryo Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Nihon Tokushu Toryo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nihon Tokushu Toryo Co Ltd (TSE:4619) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23-2, Oji 3, Kita-Ku, Tokyo, JPN, 114-8584

Website

http://www.nttoryo.co.jp

Nihon Tokushu Toryo Co Ltd engages in the manufacture and sale of paints and coatings, soundproofing, and rust proofing materials. Its operations are carried out through the following divisions: Paints business, Automotive Products business. The Paint business division handles the production, sale, and contracting of paints. The Automotive Products business manages the production and sale of soundproofing materials including damping materials, acoustic absorbents and sound insulators, as well as antirust coatings.

Nihon Tokushu Toryo Co Headlines

No Headlines