Mitsubishi Logisnext Co (TSE:7105) Momentum Rank : 7 (As of Dec. 11, 2024)

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What is Mitsubishi Logisnext Co Momentum Rank?

Mitsubishi Logisnext 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 Mitsubishi Logisnext Co's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Mitsubishi Logisnext 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.

Mitsubishi Logisnext Co's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Mitsubishi Logisnext Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mitsubishi Logisnext Co's Momentum Rank falls into.

Mitsubishi Logisnext Co Momentum Rank Related Terms

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Mitsubishi Logisnext Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mitsubishi Logisnext Co Ltd (TSE:7105) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-1 Higashikotari, Nagaokakyo-shi, Kyoto, JPN, 617-8585

Website

http://www.logisnext.com

Mitsubishi Logisnext Co Ltd is the manufacturer of material handling equipment. Principally, it is engaged in the development, design, manufacture, and sale of electric and engine-powered forklifts, transportation robots, automated warehouses, local area network and other logistics equipment and systems, electric vehicles, and monorails. The company offers trucks, electric counterbalanced trucks, low lifters, loaders, order pickers, multi-directional trucks, lateral stacking trucks, stackers, power pallet trucks, and towing tractors.

Mitsubishi Logisnext Co Headlines

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