Japan Transcity (TSE:9310) Momentum Rank : 9 (As of May. 16, 2024)

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What is Japan Transcity Momentum Rank?

Japan Transcity has the Momentum Rank of 9.

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 Japan Transcity's Momentum Rank

For the Integrated Freight & Logistics subindustry, Japan Transcity'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.

Japan Transcity's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Japan Transcity's Momentum Rank distribution charts can be found below:

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

Japan Transcity Momentum Rank Related Terms

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Japan Transcity (TSE:9310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Transcity Corp (TSE:9310) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 2-CHOME, Yokkaichi, JPN, 510-8651

Website

http://www.trancy.co.jp

Japan Transcity Corp is a Japan-based integrated logistics company. It offers various logistics services including warehousing, domestic transportation, international freight forwarding, overseas logistics, logistics consulting and vehicle maintenance. The company's network covers all of Japan from Kanto, Chubu, Kansai, Hokkaido, and Kyushu, and expands to the U.S., Thailand, Singapore, China, and across the world.

Japan Transcity (TSE:9310) Headlines

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