ToughBuilt Industries (ToughBuilt Industries) Momentum Rank : 4 (As of May. 12, 2024)

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What is ToughBuilt Industries Momentum Rank?

ToughBuilt Industries has the Momentum Rank of 4.

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 ToughBuilt Industries's Momentum Rank

For the Tools & Accessories subindustry, ToughBuilt 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.

ToughBuilt Industries's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ToughBuilt Industries's Momentum Rank distribution charts can be found below:

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

ToughBuilt Industries Momentum Rank Related Terms

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ToughBuilt Industries (ToughBuilt Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ToughBuilt Industries Inc (NAS:TBLT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

36Q0:Germany

Address

8669 Research Drive, Irvine, CA, USA, 92618

Website

https://www.toughbuilt.com

ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.

Executives

Michael Panosian	director, 10 percent owner, officer: CEO	25371 COMMERCENTER DRIVE. SUITE 200, LAKE FOREST CA 92630
William Placke	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630
Martin Galstyan	officer: Chief Financial Officer	6339 HARMAN DRIVE, TUJUNGA CA 91042
Linda M. Moossaian	director	3769 EL LADO DRIVE, GLENDALE CA 91208
Joshua Keeler	director	655 NORTH CENTRAL AVE, 1727, GLENDALE CA 91203
Titan Advisors, Llc	10 percent owner	750 WASHINGTON BLVD., FLOOR 10, STAMFORD CT 06901
Hspl Holdings, Llc	10 percent owner	750 WASHINGTON BLVD., 10TH FLOOR, STAMFORD CT 06901
Frederick D. Furry	director	18372 OXBORO LANE, HUNTINGTON BEACH CA 92648
Paul M. Galvin	director	C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Manu Ohri	director, officer: CFO	2355 MAIN STREET, SUITE 120, IRVINE CA 92614
Robert K Faught	director	70 PLANTATION DR #189, HILTON HEAD SC 29928
John R Keeler	director, officer: Chief Design Officer	3000 NW 109TH AVE, MIAMI FL 33172
Zareh Khachatoorian	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630