Shinsho (TSE:8075) Momentum Rank : 8 (As of Dec. 11, 2024)

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What is Shinsho Momentum Rank?

Shinsho has the Momentum Rank of 8.

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 Shinsho's Momentum Rank

For the Steel subindustry, Shinsho'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.

Shinsho's Momentum Rank Distribution in the Steel Industry

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

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

Shinsho Momentum Rank Related Terms

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Shinsho Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shinsho Corp (TSE:8075) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yodoyabashi Square, 2-6-18 Kitahama, Chuo-ku, Chuo-ku, Osaka, JPN, 541-8557

Website

http://www.shinsho.co.jp

Shinsho Corp is mainly engaged in the import/export and trading of products. It is organized into five business divisions. The Iron and Steel division supplies wire rods and bars, steel plates, steel sheets, and steel powders. The Ferrous Raw Materials division supplies ferrous raw materials, titanium materials, coal for boilers, alloy steel, and coke breeze. The Nonferrous Metals division supplies the aluminium and copper products. The Machinery and Electronics division focuses on industrial machinery and electronic equipment and materials. The Welding division supports a diverse range of manufacturing industries by providing welding materials, equipment, and welding robot systems. The majority of its revenue is derived from the Iron and Steel, and Nonferrous Metals segments.

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