DOWA Holdings Co (TSE:5714) Momentum Rank : 7 (As of Sep. 27, 2024)

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What is DOWA Holdings Co Momentum Rank?

DOWA Holdings Co has the Momentum Rank of 7.

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 DOWA Holdings Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, DOWA Holdings 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.

DOWA Holdings Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's Momentum Rank distribution charts can be found below:

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

DOWA Holdings Co Momentum Rank Related Terms

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DOWA Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DOWA Holdings Co Ltd (TSE:5714) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DWMNF:USA DMI:Germany

Address

14-1, Sotokanda 4-chome, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.dowa.co.jp

DOWA Holdings Co Ltd is a Japan-based holding company, with five main business segments. The nonferrous metals segment generates roughly half of group revenue via the production and sale of copper, zinc, lead, gold, silver, and platinum, among other metals. In the environmental management and recycling division, the group engages in waste treatment, soil remediation, resource recycling, and logistics. In the electronic materials segment, the group produces and sells high-purity metal materials, compound semiconductor wafers, conductive materials, battery materials, magnetic materials, reduced iron powder, and other materials. In the metal processing segment, the group produces and sells copper, brass and copper alloy strips, electroplated products, brass rods, and metal-ceramic substrates.

DOWA Holdings Co Headlines

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