Takashima (TSE:8007) Momentum Rank : 6 (As of May. 12, 2024)

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What is Takashima Momentum Rank?

Takashima has the Momentum Rank of 6.

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 Takashima's Momentum Rank

For the Building Materials subindustry, Takashima'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.

Takashima's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Takashima's Momentum Rank distribution charts can be found below:

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

Takashima Momentum Rank Related Terms

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Takashima (TSE:8007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Takashima & Co Ltd (TSE:8007) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ochanomizu kyoun Building, 2-2 Kandasurugadai, Chiyodaku, Tokyo, JPN, 101-8118

Website

http://www.tak.co.jp

Takashima & Co Ltd is the multifaceted trading company. It is organised into two principal operating division - Construction Supply division and Industrial Materials division. The Construction Supply division provides photovoltaic (PV) panels, household storage battery, PV mounting system, insulation materials, lightweight foam concrete, housing materials and also offer construction services. The Industrial Materials division provides a wide range of services from planning to operate in the promotion of energy saving such as LED lighting renovation and installing EV chargers in parking for commercial facilities all over Japan. In addition, it is also engaged in manufacturing, construction and maintenance of sheethouses and other membrane structures.

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