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Bird Construction (Bird Construction) Momentum Rank : 3 (As of Apr. 30, 2024)


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What is Bird Construction Momentum Rank?

Bird Construction 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 Bird Construction's Momentum Rank

For the Engineering & Construction subindustry, Bird Construction'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.

Bird Construction's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bird Construction's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bird Construction's Momentum Rank falls into.


Bird Construction Momentum Rank Related Terms

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Bird Construction (Bird Construction) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bird Construction Inc (OTCPK:BIRDF) » Definitions » Momentum Rank
Comparable Companies
TSX:ARE TSX:BDGI TSX:DRT TSXV:UIG TSXV:MSP TSXV:RGI XPAR:DG NSE:LT PWR SHSE:601668 SHSE:601390 TSX:WSP J XKRX:028260 HKSE:01800 EME SHSE:601186 XPAR:EN BLD ACM
Traded in Other Exchanges
6LT:Germany BDT:Canada
Address
5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6
Website
https://www.bird.ca
Bird Construction Inc is a construction company operating from coast-to-coast and servicing all of Canada's major markets. The group provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets, to industrial maintenance, repair and operations services, heavy civil construction, and mine support services. It also provides vertical infrastructure including, electrical, mechanical, and specialty trades. In addition to its commitment to safety, Bird provides services that offer long-term value to its stakeholders.