Ogaki Kyoritsu Bank (TSE:8361) Momentum Rank : 3 (As of May. 25, 2024)

View and export this data going back to 1973. Start your Free Trial

What is Ogaki Kyoritsu Bank Momentum Rank?

Ogaki Kyoritsu Bank has the Momentum Rank of 3.

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 Ogaki Kyoritsu Bank's Momentum Rank

For the Banks - Regional subindustry, Ogaki Kyoritsu Bank'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.

Ogaki Kyoritsu Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ogaki Kyoritsu Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ogaki Kyoritsu Bank's Momentum Rank falls into.

Ogaki Kyoritsu Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ogaki Kyoritsu Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ogaki Kyoritsu Bank (TSE:8361) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ogaki Kyoritsu Bank Ltd (TSE:8361) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-98 Kuruwa-machi, Ogaki, Gifu, JPN, 503-8602

Website

http://www.okb.co.jp

Ogaki Kyoritsu Bank Ltd is a Japanese regional bank operating primarily in the island nation's Chubu region. The majority of the bank's branches and locations are in the Gifu and Aichi prefectures, along with its loans and deposits. The balance of the bank's deposits is primarily located in Gifu, while more of the loan balances are located in Aichi. While the bank has few locations in Tokyo/Osaka, it still has a sizable portion of its loan book exposed to the region. The bank has focused its efforts on easing customer access to conduct transactions through financial technology and information technology innovation. Most of its earning assets are in loans and bills discounted, and securities.

Ogaki Kyoritsu Bank (TSE:8361) Headlines

No Headlines