Finning International (Finning International) Momentum Rank : 7 (As of May. 01, 2024)

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What is Finning International Momentum Rank?

Finning International has the Momentum Rank of 7.

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 Finning International's Momentum Rank

For the Industrial Distribution subindustry, Finning International'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.

Finning International's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Finning International's Momentum Rank distribution charts can be found below:

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

Finning International Momentum Rank Related Terms

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Finning International (Finning International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (OTCPK:FINGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.