Summit Materials (FRA:7SU) Momentum Rank : 10 (As of Jun. 18, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Summit Materials Momentum Rank?

Summit Materials 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 Summit Materials's Momentum Rank

For the Building Materials subindustry, Summit Materials'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.

Summit Materials's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Summit Materials's Momentum Rank distribution charts can be found below:

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

Summit Materials Momentum Rank Related Terms

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

Summit Materials (FRA:7SU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (FRA:7SU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SUM:USA

Address

1801 California Street, Suite 3500, Denver, CO, USA, 80202

Website

https://www.summit-materials.com

Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Summit Materials (FRA:7SU) Headlines

No Headlines