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GLW (Corning) Momentum Rank : 9 (As of Dec. 13, 2024)


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What is Corning Momentum Rank?

Corning 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 Corning's Momentum Rank

For the Electronic Components subindustry, Corning'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.


Corning's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Corning's Momentum Rank distribution charts can be found below:

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



Corning Momentum Rank Related Terms

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


Corning Business Description

Address
One Riverfront Plaza, Corning, NY, USA, 14831
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Executives
Bayne John P Jr officer: SVP & GM Mobile Consumer Elec. ONE RIVERFRONT PLAZA, CORNING NY 14831
Martin J Curran officer: Exec. VP & Innovation Officer ONE RIVERFRONT PLAZA, CORNING NY 14831
John Z Zhang officer: Senior VP & GM, Display ONE RIVERFRONT PLAZA, CORNING NY 14831
Lewis A Steverson officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Wendell P Weeks officer: President and COO ONE RIVERFRONT PLZ, CORNING NY 14831
Eric S Musser officer: Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Stefan Becker officer: SVP & Operations Controller ONE RIVERFRONT PLAZA, CORNING NY 14831
Edward A Schlesinger officer: Vice President & Controller ONE RIVERSIDE PLAZA, CORNING NY 14831
Li Fang officer: Pres.&GM Corning Greater China ONE RIVERFRONT PLAZA, CORNING NY 14831
Jeffrey W Evenson officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Michael Alan Bell officer: Senior VP &.GM, Optical Comm. ONE RIVERFRONT PLAZA, CORNING NY 14831
Soumya Seetharam officer: Senior Vice President & CDIO ONE RIVERFRONT PLAZA, CORNING NY 14831
Lawrence D Mcrae officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Jaymin Amin officer: SVP and Chief Tech. Officer ONE RIVERFRONT PLAZA, CORNING NY 14831
Jordana Daryl Kammerud officer: Senior Vice President & CHRO ONE RIVERFRONT PLAZA, CORNING NY 14831