Mitsubishi UFJ Financial Group (TSE:8306) Momentum Rank : 6 (As of Apr. 26, 2024)

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What is Mitsubishi UFJ Financial Group Momentum Rank?

Mitsubishi UFJ Financial Group has the Momentum Rank of 6.

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.

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Competitive Comparison of Mitsubishi UFJ Financial Group's Momentum Rank

For the Banks - Diversified subindustry, Mitsubishi UFJ Financial Group'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.

Mitsubishi UFJ Financial Group's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mitsubishi UFJ Financial Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mitsubishi UFJ Financial Group's Momentum Rank falls into.

Mitsubishi UFJ Financial Group Momentum Rank Related Terms

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Mitsubishi UFJ Financial Group (TSE:8306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mitsubishi UFJ Financial Group Inc (TSE:8306) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MBFJF:USA MUFG:USA 8306:Japan MFZA:Germany MFZ:Germany MFZ:Germany MFZ:Germany M1UF34:Brazil MTU:Argentina

Address

7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8330

Website

https://www.mufg.jp

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets, with an 8.1% share of all domestic loans as of March 2023. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG's operations in Japan account for around half of profit, banking in Thailand and Indonesia for around 15%, and equity-method earnings from Morgan Stanley most of the rest.

Mitsubishi UFJ Financial Group (TSE:8306) Headlines

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