Nagawa Co (TSE:9663) Momentum Rank : 7 (As of May. 27, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Nagawa Co Momentum Rank?

Nagawa Co has the Momentum Rank of 7.

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 Nagawa Co's Momentum Rank

For the Engineering & Construction subindustry, Nagawa Co'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.

Nagawa Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nagawa Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nagawa Co's Momentum Rank falls into.

Nagawa Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Nagawa Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Nagawa Co (TSE:9663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nagawa Co Ltd (TSE:9663) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4-1, Marunouchi, Marunouchi Eiraku Building 22 Floor, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.nagawa.co.jp

Nagawa Co Ltd is engaged in the manufacture, sale, and lease of modular buildings under the Super House brand in Japan. It operates through two business segments. The Prefabricated House segment is engaged in the manufacture, sale, and rental of prefabricated houses, the rental and sale of related office equipment, supplies, and electrical products for prefabricated houses. The Construction Equipment Rental segment is involved in the sale and rental of construction equipment. Also, it is engaged in the sale of gasoline, light diesel oil and others.

Nagawa Co (TSE:9663) Headlines

No Headlines