Arisawa Mfg Co (TSE:5208) Momentum Rank : 3 (As of Dec. 15, 2024)

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What is Arisawa Mfg Co Momentum Rank?

Arisawa Mfg 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 Arisawa Mfg Co's Momentum Rank

For the Electronic Components subindustry, Arisawa Mfg 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.

Arisawa Mfg Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arisawa Mfg Co's Momentum Rank distribution charts can be found below:

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

Arisawa Mfg Co Momentum Rank Related Terms

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Arisawa Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arisawa Mfg Co Ltd (TSE:5208) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-5 Minamihon town City, Niigata Prefecture, Joetsu, JPN, 943-8610

Website

http://www.arisawa.co.jp

Arisawa Mfg Co Ltd is a Japanese based company, engages in the manufacture and sale of electronic materials of electronic materials. The company provides electronic materials used in personal computers and cellular phones; and optoelectronic materials such as Fresnel lenses for projection TV; electrical insulating materials; and structural materials. It also offers display materials comprising anti-reflection films, 3D display filters, special optical films, 3D display equipment, polarizing plates, hard-coating films, and projection screens.

Arisawa Mfg Co Headlines

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