What changed
KANSAI ELECTRIC POWER CO INC ($9503.T): +29.4%, conf 87, top rank. 6m momentum and 6m alpha vs SPY push it up. Idemitsu Kosan Co.,Ltd. ($5019.T): +28.4%, but 12mo momentum drags. Same rank bucket, different momentum tape.
Konica Minolta, Inc. ($4902.T): +26.9%, conf 87. Downside risk and illiquidity are the extra drivers. Daiwa House Industry Co., Ltd. ($1925.T): +22.6%, conf 87, downside risk plus 12mo momentum. Industrials and Real Estate rank high, but this is defensive-value, not growth.
Sumitomo Chemical Company, Limited ($4005.T): +22.4%, 6m momentum and 6m alpha vs SPY. Suzuki Motor Corporation ($7269.T): +22.3%, downside risk and 12mo momentum. Consumer Cyclical and Basic Materials both show 100% sec ranks. Cheap, but not uniformly fast.
Sumitomo Pharma Co., Ltd. ($4506.T): +20.5%, illiquidity and 60d volatility do the work. Yamaha Motor Co., Ltd. ($7272.T): +19.7%, conf 86, 12mo momentum down, 6m momentum up. Healthcare and Consumer Cyclical, same top-decile anchor, different
Why it matters
KANSAI ELECTRIC POWER CO INC ($9503.T): +29.4%, conf 87, top rank. 6m momentum and 6m alpha vs SPY push it up. Idemitsu Kosan Co.,Ltd. ($5019.T): +28.4%, but 12mo momentum drags. Same rank bucket, dif