Dover (DOV) Momentum Rank : 10 (As of Apr. 29, 2024)

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What is Dover Momentum Rank?

Dover has the Momentum Rank of 10.

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 Dover's Momentum Rank

For the Specialty Industrial Machinery subindustry, Dover'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.

Dover's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dover's Momentum Rank distribution charts can be found below:

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

Dover Momentum Rank Related Terms

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

Dover (DOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dover Corp (NYSE:DOV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DOV:Germany DOV:Germany

Address

3005 Highland Parkway, Downers Grove, IL, USA, 60515

Website

https://www.dovercorporation.com

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

Executives

Brad M Cerepak	officer: Senior Vice President and CFO	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Anthony K Kosinski	officer: Vice President, Tax	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Marc A Howze	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Danita K Ostling	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael Mark Manley	director	1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
David J. Malinas	officer: SVP, Operations	36411 SOUTH PARK DRIVE, AVON OH 44011
Richard J Tobin	director, officer: CEO and President	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kristiane C Graham	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ivonne M Cabrera	officer: SVP and General Counsel	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kimberly Bors	officer: SVP, Human Resources	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ryan Paulson	officer: VP, Controller	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
James M Moran	officer: Vice President, Treasurer	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Girish Juneja	officer: SVP, Chief Digital Officer	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Deborah L Dehaas	director	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012