FinTech Global (TSE:8789) Momentum Rank : 6 (As of Dec. 11, 2024)

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What is FinTech Global Momentum Rank?

FinTech Global 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 FinTech Global's Momentum Rank

For the Financial Conglomerates subindustry, FinTech Global'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.

FinTech Global's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, FinTech Global's Momentum Rank distribution charts can be found below:

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

FinTech Global Momentum Rank Related Terms

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FinTech Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Global Inc (TSE:8789) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1-1-1 Kami-Osaki 3-chome, 15th floor, Meguro Central Square, Shinagawa-ku, Tokyo, JPN, 141-0021

Website

http://www.fgi.co.jp

FinTech Global Inc is an investment bank with divisions for securities, investment management, and principal finance. The company primarily focuses on three areas of financial services, namely, investment banking, principal investment, and asset management. Further, it provides services, such as management participation, corporate revitalization, venture development and fund-procurement arrangements from both debt and equity perspectives to support the real economy. Geographically it operates through the region of Japan.

FinTech Global Headlines

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