Big River Industries (ASX:BRI) Momentum Rank

: 1 (As of Today)

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Big River Industries has the Momentum Rank of 1.

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

For the Lumber & Wood Production subindustry, Big River 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.

Big River Industries Momentum Rank Distribution

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

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

Big River Industries Momentum Rank Related Terms

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Big River Industries (ASX:BRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Big River Industries Ltd (ASX:BRI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BQ3:Germany

Address

Trenayr Road, Junction Hill, NSW, AUS, 2460

Website

https://www.bigrivergroup.com.au

Big River Industries Ltd is a manufacturer, distributor, and supplier of timber, builder's hardware, building supplies, and services for the residential, commercial, industrial, building and construction industries. The company's segment includes Panels and Construction. It generates maximum revenue from the Construction segment. The Construction division is comprised of fifteen sites which sell a building, commercial and formwork products in Australia. The panel segment is comprised of three manufacturing and six distribution sites of timber panel products in Australia and New Zealand. Geographically the company derives the majority of its revenue from Australia.

Big River Industries (ASX:BRI) Headlines

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