Takamisawa Cybernetics Co (TSE:6424) Momentum Rank : 7 (As of May. 21, 2024)

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What is Takamisawa Cybernetics Co Momentum Rank?

Takamisawa Cybernetics 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 Takamisawa Cybernetics Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Takamisawa Cybernetics 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.

Takamisawa Cybernetics Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Takamisawa Cybernetics Co's Momentum Rank falls into.

Takamisawa Cybernetics Co Momentum Rank Related Terms

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Takamisawa Cybernetics Co (TSE:6424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Takamisawa Cybernetics Co Ltd (TSE:6424) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

48-5, 2-Chome Chuo, Nakano-ku, Tokyo, JPN, 164-0011

Website

http://www.tacy.co.jp

Takamisawa Cybernetics Company, Ltd. manufactures and markets electronic control instruments. The company's products include automatic ticket vending machine (ATVM), ticket dispenser machines for IC (integrated circuit) cards, smart card charging terminal, access control solutions, earthquake disaster preventation equipment, and cash transaction machines at railroad stations. The products are manufactured under its specialized quality management system.

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