Bank of The RyukyusLtd (TSE:8399) Momentum Rank : 2 (As of May. 06, 2024)

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What is Bank of The RyukyusLtd Momentum Rank?

Bank of The RyukyusLtd has the Momentum Rank of 2.

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 Bank of The RyukyusLtd's Momentum Rank

For the Banks - Regional subindustry, Bank of The RyukyusLtd'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.

Bank of The RyukyusLtd's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Bank of The RyukyusLtd's Momentum Rank falls into.

Bank of The RyukyusLtd Momentum Rank Related Terms

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Bank of The RyukyusLtd (TSE:8399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of The RyukyusLtd (TSE:8399) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Higashimachi, Okinawa, Naha Port Building, Naha, JPN, 900-0034

Website

http://www.ryugin.co.jp

Bank of The RyukyusLtd is a banking and financial services group operating primarily in the Okinawa Prefecture. It was founded during the post-World War II era by ordinance of the U.S. military government for purposes of restoring financial order and stabilizing the currency given the region's importance. At present, it continues its regional strategic-orientation and provides a host of financial services to consumers and small to medium-size businesses in tourism-dependent Okinawa. These include general leasing, housing loans, debt guaranty, insurance, cash inspection and dispensing, credit cards and financing, clerical services, and surveys and research.

Bank of The RyukyusLtd (TSE:8399) Headlines

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