Asia Pile Holdings (TSE:5288) Momentum Rank : 6 (As of May. 27, 2024)

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What is Asia Pile Holdings Momentum Rank?

Asia Pile Holdings has the Momentum Rank of 6.

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 Asia Pile Holdings's Momentum Rank

For the Building Materials subindustry, Asia Pile Holdings'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.

Asia Pile Holdings's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Pile Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asia Pile Holdings's Momentum Rank falls into.

Asia Pile Holdings Momentum Rank Related Terms

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Asia Pile Holdings (TSE:5288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Pile Holdings Corp (TSE:5288) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-10 Koraibashi, Chuo-ku, Osaka, JPN, 5410043

Website

http://www.japanpile.co.jp

Asia Pile Holdings Corp is a construction company specializing in pile foundation. Pile foundation can be classified into three types; concrete pile, steel pipe pile and cast-in-place pile.

Asia Pile Holdings (TSE:5288) Headlines

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