Di Nikko Engineering Co (TSE:6635) Momentum Rank : 7 (As of Dec. 12, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Di Nikko Engineering Co Momentum Rank?

Di Nikko Engineering 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 Di Nikko Engineering Co's Momentum Rank

For the Electronic Components subindustry, Di Nikko Engineering 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.

Di Nikko Engineering Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Di Nikko Engineering Co's Momentum Rank falls into.

Di Nikko Engineering Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Di Nikko Engineering Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Di Nikko Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Di Nikko Engineering Co Ltd (TSE:6635) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

697-1, Nemuro, Tochigi, Nikko, JPN, 321-2342

Website

http://www.dne.co.jp

Di Nikko Engineering Co Ltd engages in the design, test, manufacture, distribution, and return/repair of electronic components and assemblies for original equipment manufacturers in Japan. Its services include the design to production of the circuit implementation of an electronic board used for an electronics product, an OA apparatus, optical goods, and communications equipment.

Di Nikko Engineering Co Headlines

No Headlines