Techno Horizon Co (TSE:6629) Momentum Rank : 5 (As of Apr. 25, 2024)

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What is Techno Horizon Co Momentum Rank?

Techno Horizon Co has the Momentum Rank of 5.

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 Techno Horizon Co's Momentum Rank

For the Electronic Components subindustry, Techno Horizon 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.

Techno Horizon Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Techno Horizon Co's Momentum Rank distribution charts can be found below:

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

Techno Horizon Co Momentum Rank Related Terms

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Techno Horizon Co (TSE:6629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Techno Horizon Co Ltd (TSE:6629) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071

Website

https://www.technohorizon.co.jp

Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.

Techno Horizon Co (TSE:6629) Headlines

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