Yamada Green Resources (SGX:BJV) Momentum Rank : 3 (As of Apr. 25, 2024)

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What is Yamada Green Resources Momentum Rank?

Yamada Green Resources has the Momentum Rank of 3.

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 Yamada Green Resources's Momentum Rank

For the Farm Products subindustry, Yamada Green Resources'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.

Yamada Green Resources's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yamada Green Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yamada Green Resources's Momentum Rank falls into.

Yamada Green Resources Momentum Rank Related Terms

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Yamada Green Resources (SGX:BJV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yamada Green Resources Ltd (SGX:BJV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Dongling Road, Ganzhe Street, Minhou Economic and Technological Development Zone, Minhou County, Fujian, Fuzhou, CHN, 350100

Website

http://www.yamada-green.com

Yamada Green Resources Ltd is an agricultural food product processing group. It operates through business segments that are: Processed food products segment that comprises processed vegetable products and dietary fiber food products (including konjac-based processed food products); Investment properties that include rental income from investment properties; and Corporate segment. Geographically, it exports its products to Japan, the People's Republic of China (PRC), and the Netherlands. The Processed food segment generates maximum revenue for the company through the Japan region.

Yamada Green Resources (SGX:BJV) Headlines

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