UFPI (UFP Industries) Momentum Rank : 8 (As of Dec. 11, 2024)

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What is UFP Industries Momentum Rank?

UFP Industries has the Momentum Rank of 8.

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 UFP Industries's Momentum Rank

For the Lumber & Wood Production subindustry, UFP Industries'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.

UFP Industries's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, UFP Industries's Momentum Rank distribution charts can be found below:

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

UFP Industries Momentum Rank Related Terms

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

UFP Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » UFP Industries Inc (NAS:UFPI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

UF3:Germany

Address

2801 East Beltline Avenue NE, Grand Rapids, MI, USA, 49525

Website

https://www.ufpi.com

UFP Industries Inc is a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar holding company with subsidiaries around the globe that serve three markets: retail, packaging and construction.

Executives

Matthew J Missad	director, officer: Chief Executive Officer	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick M. Benton	officer: XVP UFP Eastern Div - North	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William G Currie	director	2801 EAST BELTINE N E, GRAND RAPIDS MI 49505
David A. Tutas	officer: Vice President Legal & Secty	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Michael R Cole	officer: Chief Financial Officer	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Bruce A Merino	director	3800 WEST CHAPMAN AVE, ORANGE CA 92868
Mary E Tuuk	director	625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456
Patrick M Webster	officer: Pres. and Chief Operating Off.	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
William Danny Schwartz	officer: Exec. VP, Operations Services	2801 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Allen T Peters	officer: President, UFP Western Div	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Benjamin J. Mclean	director	2801 E BELTLINE AVE NE, GRAND RAPIDS MI 49525
Scott T Bravata	officer: Vice President Administration	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Michael G. Wooldridge	director	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525
Donald L James	officer: XVP National Sales	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Scott A Worthington	officer: President, UFP Industrial, LLC	2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525