GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Chemical Co Ltd (OTCPK:SHECF) » Definitions » Momentum Rank

Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Momentum Rank : 9 (As of Apr. 27, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Shin-Etsu Chemical Co Momentum Rank?

Shin-Etsu Chemical Co 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 Shin-Etsu Chemical Co's Momentum Rank

For the Chemicals subindustry, Shin-Etsu Chemical 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.


Shin-Etsu Chemical Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Momentum Rank falls into.



Shin-Etsu Chemical Co Momentum Rank Related Terms

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


Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Business Description

Traded in Other Exchanges
Address
6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004
Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Headlines

From GuruFocus

Matthews Japan Fund 2nd-Quarter Commentary

By Sydnee Gatewood 07-22-2022

Matthews Japan Fund Third Quarter 2013 Commentary

By Holly LaFon Holly LaFon 11-18-2013

Matthews Japan Fund First Quarter Shareholder Commentary

By Holly LaFon Holly LaFon 05-15-2017

Matthews Japan Fund Comments on Shin-Etsu Chemical

By Sydnee Gatewood Sydnee Gatewood 04-23-2020