CONEXIO (TSE:9422) Momentum Rank : 0 (As of May. 26, 2024)

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What is CONEXIO Momentum Rank?

CONEXIO 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.

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CONEXIO (TSE:9422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CONEXIO Corp (TSE:9422) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-17-1 Nishi-Shinjuku, 37th Floor, Sumitomo Realty & Development Shinjuku Grand Tower, Shinjuku-ku, Tokyo, JPN, 160-6137

Website

http://www.conexio.co.jp

CONEXIO Corp is involved in the business of retail of mobile phones and the provision of solution services using smartphones. Its business is divided into the Consumer business and Corporate business segments. The consumer business segment comprises the operation of certified shops and wholesale of mobile phones to electronics retailers. The corporate business segment consists of the arrangement of contracts between corporate customers and telecom carriers, the provision of after sales services, the sales of mobile phones and tablets and also sales of prepaid cards and the internet of things solutions.

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