Hirakawa Hewtech (TSE:5821) Momentum Rank : 5 (As of Jun. 23, 2024)

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What is Hirakawa Hewtech Momentum Rank?

Hirakawa Hewtech has the Momentum Rank of 5.

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 Hirakawa Hewtech's Momentum Rank

For the Conglomerates subindustry, Hirakawa Hewtech'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.

Hirakawa Hewtech's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hirakawa Hewtech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hirakawa Hewtech's Momentum Rank falls into.

Hirakawa Hewtech Momentum Rank Related Terms

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Hirakawa Hewtech (TSE:5821) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hirakawa Hewtech Corp (TSE:5821) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-28-10 Minami-Oi, JK Omori Building, Shinagawa-ku, Tokyo, JPN, 1408551

Website

http://www.hewtech.co.jp

Hirakawa Hewtech Corp is a Japan-based company. It is mainly engaged in the manufacture and sale of electric wires, cables, electrical equipment, and medical equipment. The company is also engaged in the design, construction, supervision and contracting of electrical work and telecommunications construction. Electrical products offered by the company include micro coaxial cable, interface cable, broadcast cable, and high-frequency coaxial cable. Medical equipment offerings include industry tube and medical tube. Hirakawa Hewtech is also engaged in real estate management and leasing.

Hirakawa Hewtech (TSE:5821) Headlines

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