Hovnanian Enterprises (Hovnanian Enterprises) Momentum Rank : 6 (As of Apr. 25, 2024)

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What is Hovnanian Enterprises Momentum Rank?

Hovnanian Enterprises has the Momentum Rank of 6.

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 Hovnanian Enterprises's Momentum Rank

For the Residential Construction subindustry, Hovnanian Enterprises'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.

Hovnanian Enterprises's Momentum Rank Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hovnanian Enterprises's Momentum Rank falls into.

Hovnanian Enterprises Momentum Rank Related Terms

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Hovnanian Enterprises (Hovnanian Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (NAS:HOVNP.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HOV:USA HO3A:Germany HO3A:Germany

Address

90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747

Website

https://www.khov.com

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Executives

Lucian T. Smith	officer: Chief Operating Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Robert B Coutts	director
Vincent Jr Pagano	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Edward A Kangas	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Joseph A Marengi	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Robin Stone Sellers	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Ara K Hovnanian	director, 10 percent owner, officer: Chairman of Bd., Pres. & CEO	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
J Larry Sorsby	director, officer: Exec. VP and CFO	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Stephen D Weinroth	director	ANDERSEN WEINROTH & CO, 1330 AVE OF THE AMERICAS, NEW YORK NY 10019
Sirwart Hovnanian	other: Member of a 10% Owner Group	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Hovnanian Family 2012 L.l.c.	10 percent owner	C/O ARA K. HOVNANIAN, 110 WEST FRONT STREET, P.O. BOX 500, RED BANK NJ 07701
Thomas J. Pellerito	officer: Chief Operating Officer	110 WEST FRONT STREET, RED BANK NJ 07701
Executors Of The Estate Of Kevork S. Hovnanian, Deceased	10 percent owner	425 LEXINGTON AVENUE, NEW YORK NY 10017
David G. Valiaveedan	officer: VP Finance & Treasurer	110 WEST FRONT STREET, RED BANK X1 07701
John J Robbins	director	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701