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GURUFOCUS.COM > STOCK LIST > Industrials > Industrial Distribution > Fastenal Co (NAS:FAST) > Definitions > Momentum Rank
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Fastenal Co Momentum Rank

: 10 (As of Today)
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Fastenal 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

For the Industrial Distribution subindustry, Fastenal 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.

   

Fastenal Co Momentum Rank Distribution

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Momentum Rank distribution charts can be found below:

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



Fastenal Co Momentum Rank Related Terms

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


Fastenal Co Business Description

Fastenal Co logo
Industry
Industrials » Industrial Distribution NAICS : 238290 SIC : 5039
Address
2001 Theurer Boulevard, Winona, MN, USA, 55987-1500
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,800 branches, over 1,400 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
Executives
Hsu Hsenghung Sam director 2032 SUMMIT AVENUE SAINT PAUL MN 55105
Ancius Michael J director 151 COACHLITE COURT NORTH ONALASKA WI 54650
Soderberg John Lewis officer: Executive Vice President 1757 SNOWFLAKE PLACE ONALASKA WI 54650
Owen Terry Modock officer: Senior Executive VP 704 DOVE CREEK TRAIL SOUTHLAKE TX 76092
Heise Rita J. director 7329 MARINER DRIVE MAPLE GROVE MN 55311
Watts Jeffery Michael officer: Executive Vice-President 48 LAUREL CR. INGERSOLL A6 N5C-3S4
Drazkowski William Joseph officer: Executive Vice-President 806 OLYMPIC DRIVE ONALASKA WI 54650
Hein Leland J officer: Senior Executive VP 2001 THEURER BLVD WINONA MN 55987
Jansen James C officer: Executive Vice President 2001 THEURER BLVD WINONA MN 55987
Miller Charles S. officer: Senior Executive VP 230 CASCADE DR. PADUCAH KY 42003
Dolan Michael John director 1221 SOUTHVIEW DRIVE HASTINGS MN 55033
Lundquist Nicholas J director 2001 THEURER BLVD WINONA MN 55987
Oberton Willard D director 2001 THEURER BLVD WINONA MN 55987
Florness Daniel L director, officer: CEO and President FASTENAL CO 2001 THEURER BLVD WINONA MN 55987
Lisowski Sheryl Ann officer: CAO/Controller/Treasurer 155 WILDWOOD DRIVE WINONA MN 55987

Fastenal Co Headlines

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