Commercial Metals Co (STU:CMS) Momentum Rank : 10 (As of May. 26, 2024)

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What is Commercial Metals Co Momentum Rank?

Commercial Metals Co 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 Commercial Metals Co's Momentum Rank

For the Steel subindustry, Commercial Metals Co'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.

Commercial Metals Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Commercial Metals Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Commercial Metals Co's Momentum Rank falls into.

Commercial Metals Co Momentum Rank Related Terms

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Commercial Metals Co (STU:CMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Commercial Metals Co (STU:CMS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CMC:USA CMC1:Mexico

Address

6565 North MacArthur Boulevard, Irving, TX, USA, 75039

Website

https://www.cmc.com

Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.