Okaya Electric Industries Co (TSE:6926) Momentum Rank : 2 (As of May. 01, 2024)

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What is Okaya Electric Industries Co Momentum Rank?

Okaya Electric Industries Co has the Momentum Rank of 2.

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 Okaya Electric Industries Co's Momentum Rank

For the Electronic Components subindustry, Okaya Electric Industries 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.

Okaya Electric Industries Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Okaya Electric Industries Co's Momentum Rank falls into.

Okaya Electric Industries Co Momentum Rank Related Terms

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Okaya Electric Industries Co (TSE:6926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Okaya Electric Industries Co Ltd (TSE:6926) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-16-9 Todoroki, Setagaya-ku, Tokyo, JPN, 158-8543

Website

http://www.okayaelec.co.jp

Okaya Electric Industries Co Ltd engages in the design, manufacture, and sale of electric components and equipment. Its product category includes: Noise-related Products, Surge-related Products, LED related Products, Sensor-related Products. Noise-related Products includes noise suppression capacitors, high pulse & snubber capacitors, spark quenchers, noise filters, and coil filters. Surge-related Products include surge absorbers. LED related Products covers LED lighting devices, LED indicators, and field sequential multi-color liquid crystal display (LCD) module. The Sensor-related Products consist light emitting diode (LED) sensors. The Other Noise products segment provides coil filters.

Okaya Electric Industries Co (TSE:6926) Headlines

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