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Fuluhashi Epo (TSE:9221) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Fuluhashi Epo Momentum Rank?

Fuluhashi Epo has the Momentum Rank of 0.

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.

Fuluhashi Epo Momentum Rank Related Terms

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Fuluhashi Epo (TSE:9221) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Fuluhashi Epo Corp (TSE:9221) » Definitions » Momentum Rank
Comparable Companies
TSE:4245 TSE:6403 TSE:6566 TSE:2195 TSE:5699 TSE:4125 TSE:4657 TSE:4651 TSE:1712 TSE:5698 WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340
Traded in Other Exchanges
9221:Japan
Address
1-14-18 Kanayama, Naka-ku, Aichi, A-PLACE Kanayama 6th floor, Nagoya, JPN, 460-0022
Website
https://www.fuluhashi.co.jp
Fuluhashi Epo Corp is engaged in the intermediate processing and recycling of wood waste, sales of recycled wood chips, recycling of construction by-product, production and sales of pallet and other distribution equipment.

Fuluhashi Epo (TSE:9221) Headlines

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