GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (TSE:4634) » Definitions » Momentum Rank

Artience Co (TSE:4634) Momentum Rank : 3 (As of Jun. 21, 2024)


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

What is Artience Co Momentum Rank?

Artience Co has the Momentum Rank of 3.

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 Artience Co's Momentum Rank

For the Specialty Chemicals subindustry, Artience 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.


Artience Co's Momentum Rank Distribution in the Chemicals Industry

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

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



Artience Co Momentum Rank Related Terms

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


Artience Co (TSE:4634) Business Description

Traded in Other Exchanges
N/A
Address
3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377
Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

Artience Co (TSE:4634) Headlines

No Headlines