Tokyo Rope Mfg Co (TSE:5981) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is Tokyo Rope Mfg Co Momentum Rank?

Tokyo Rope Mfg Co 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 Tokyo Rope Mfg Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Tokyo Rope 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.

Tokyo Rope Mfg Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tokyo Rope Mfg Co's Momentum Rank distribution charts can be found below:

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

Tokyo Rope Mfg Co Momentum Rank Related Terms

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Tokyo Rope Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tokyo Rope Mfg Co Ltd (TSE:5981) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-6-2 Nihonbashi, Chuo-ku, Tokyo, JPN, 1038306

Website

http://www.tokyorope.co.jp

Tokyo Rope Mfg Co Ltd is a Japan-based manufacturing company. Principally, it is involved in the design and construction of road safety devices such as rock fall prevention net, environment protection products including sound insulation walls, and bridges and cable-suspended bridges. It offers the various products such as wire rope for the use with the crane, elevators, forestry and fisheries and cableway, galvanized wire and strand, steel cord, bridge and structural cable product, carbon fiber composite cables, and many more. Additionally, it also produces and markets several industrial types of machinery and metal fiber.

Tokyo Rope Mfg Co Headlines

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