CMK (TSE:6958) Momentum Rank : 7 (As of Jun. 04, 2024)

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What is CMK Momentum Rank?

CMK 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 CMK's Momentum Rank

For the Electronic Components subindustry, CMK'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.

CMK's Momentum Rank Distribution in the Hardware Industry

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

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

CMK Momentum Rank Related Terms

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CMK (TSE:6958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMK Corp (TSE:6958) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

43F Shinjuku I-Land Tower Building, 6-5-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1388

Website

http://www.cmk-corp.com

CMK Corp engages in manufacturing, development, production, and marketing of printed circuit boards and electronic devices for a consumer and industrial use. Its product portfolio includes super fine PPBU, Craft, SEPT series, Zerowarp, CMK automotive printed wiring board, Cu inlay printed wiring board, Rigid Flex Series, ALIVH series, E-Spec environmentally friendly printed wiring boards, IVH multilayer printed wiring boards, through-hole multilayer printed wiring boards, and Double sided through-hole printed wiring boards. Its products are used in automobiles, digital cameras, video cameras, mobile communication devices, and audio-video visual equipments.

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