GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (OTCPK:NORNQ) » Definitions » Momentum Rank

Noranda Aluminum Holding (Noranda Aluminum Holding) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Noranda Aluminum Holding Momentum Rank?

Noranda Aluminum Holding has the Momentum Rank of 0.

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.

Noranda Aluminum Holding Momentum Rank Related Terms

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

Noranda Aluminum Holding (Noranda Aluminum Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (OTCPK:NORNQ) » Definitions » Momentum Rank
Comparable Companies
SGX:5FX BOM:532906 ASX:ASQ BSE:ALU BOM:526747 BOM:541152 BOM:531979 BOM:539045 SGX:5MD ASX:VYS ASX:ABX ASX:PUA BOM:500083 BOM:541276 WAR:ALU BOM:539151 DHA:BDTHAI BOM:526525 BOM:530611 BOM:513307
Traded in Other Exchanges
N/A
Address
801 Crescent Centre Drive, Suite 600, Franklin, TN, USA, 37067
Website
http://www.norandaaluminum.com
Noranda Aluminum Holding Corporation is an integrated producer of value-added primary aluminum products and rolled aluminum coils. The company's downstream business is one of the largest aluminum foil producers in North America. Its upstream business is a large producer of primary aluminum in the U.S.
Executives
Richard B Evans director C/O BOATWATER INC, 55 EAST CAMPERDOWN WAY, GREENVILLE SC 29601
Ronald S Rolfe director 825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019
Carl J Rickertsen director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Alan H Schumacher director C/O QUALITY DISTRIBUTION, INC., 4041 PARK OAKS BOULEVARD, SUITE 200, TAMPA FL 33610
Gail E Lehman officer: Gen Counsel/Sec/Chief Adm Off 801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Thomas R Miklich director C/O OM GROUP INC 50 PACIFIC SQUARE #3500 CLEVELAND OH 44113
Dale W Boyles officer: Chief Financial Officer 1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Pasquale Fiore director 201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Apollo Principal Holdings I Gp, Llc 10 percent owner TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Investment Fund Vi L P 10 percent owner 2 MANHATTAVILLE RD, PURCHASE NY 10577
Apollo International Management Gp, Llc 10 percent owner 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo International Management, L.p. 10 percent owner 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Management Vi, L.p. 10 percent owner 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aif Vi Management, Llc 10 percent owner 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Gp, Llc 10 percent owner TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577

Noranda Aluminum Holding (Noranda Aluminum Holding) Headlines

From GuruFocus

Royce Opportunity Fund's Semiannual Letter to Shareholders

By Cody Eustice Cody Eustice • 09-17-2015

Noranda Aluminum Holding Corp. Insider Buys 196,000 shares

By Jennifer Chiou Jennifer Chiou • 07-24-2015

Hotchkis & Wiley keeps on buying Noranda Aluminum

By Tiziano Frateschi Tiziano Frateschi • 06-11-2015

Noranda Aluminum Holding (NOR) CFO Robert B Mahoney buys 10,000 Shares

By GuruFocus Research GuruFocus Editor • 12-15-2010