Doman Building Materials Group (Doman Building Materials Group) Momentum Rank : 9 (As of Apr. 27, 2024)

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

What is Doman Building Materials Group Momentum Rank?

Doman Building Materials Group 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 Doman Building Materials Group's Momentum Rank

For the Industrial Distribution subindustry, Doman Building Materials 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.

Doman Building Materials Group's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Doman Building Materials Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Doman Building Materials Group's Momentum Rank falls into.

Doman Building Materials Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Doman Building Materials Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Doman Building Materials Group (Doman Building Materials Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Doman Building Materials Group Ltd (OTCPK:CWXZF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2CW:Germany DBM:Canada

Address

1100 Melville Street, Suite 1600, PO Box 39, Vancouver, BC, CAN, V6E 4A6

Website

https://www.domanbm.com

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp. Its operating segments are Building Materials and Other. Geographically the group has a business presence in Canada and the U.S.

Doman Building Materials Group (Doman Building Materials Group) Headlines

From GuruFocus

The Futura Corporation Announces Acquisition in CanWel Building Materials Group Ltd.

By GlobeNewswire GlobeNewswire • 11-21-2018

Doman Building Materials Reports 2021 Financial Results

By GlobeNewswire GlobeNewswire • 03-03-2022

CanWel Building Materials Announces Change of Auditor

By GlobeNewswire GlobeNewswire • 09-21-2018

CanWel Building Materials Group Ltd. Announces $60,000,000 Million Bought Deal of Senior Unsecured Note Financing

By GlobeNewswire GlobeNewswire • 09-17-2018