DuPont de Nemours (STU:6D81) Momentum Rank : 7 (As of May. 01, 2024)

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What is DuPont de Nemours Momentum Rank?

DuPont de Nemours 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 DuPont de Nemours's Momentum Rank

For the Specialty Chemicals subindustry, DuPont de Nemours'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.

DuPont de Nemours's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, DuPont de Nemours's Momentum Rank distribution charts can be found below:

* The bar in red indicates where DuPont de Nemours's Momentum Rank falls into.

DuPont de Nemours Momentum Rank Related Terms

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DuPont de Nemours (STU:6D81) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DuPont de Nemours Inc (STU:6D81) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DD:USA DD:Mexico 1DD:Italy 6D81:Germany DDNB34:Brazil DD:Argentina

Address

974 Centre Road, Building 730, Wilmington, DE, USA, 19805

Website

https://www.dupont.com

DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection, and water management industries. DuPont benefits from the ability to produce patented specialty chemicals that command pricing power. Noteworthy products include Kevlar, Tyvek, and Nomex, which have evolved over time to enable a wide range of applications across multiple industries.

DuPont de Nemours (STU:6D81) Headlines

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