Nike (NKE) Momentum Rank : 4 (As of Apr. 26, 2024)

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What is Nike Momentum Rank?

Nike 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 Nike's Momentum Rank

For the Footwear & Accessories subindustry, Nike'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.

Nike's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's Momentum Rank distribution charts can be found below:

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

Nike Momentum Rank Related Terms

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Nike (NKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (NYSE:NKE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NKE:Peru NKE:Mexico NKE_KZ:Kazakhstan 1NKE:Italy NKEd:UK 0QZ6:UK NKE0:Germany NKE:Germany NKE:Germany NKE:Germany NKE:Germany NKE:Chile NKE:Canada NIKE34:Brazil NKE:Austria NKE:Argentina

Address

One Bowerman Drive, Beaverton, OR, USA, 97005-6453

Website

https://www.nike.com

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

Executives

Mark G Parker	officer: President	ONE BOWERMAN DR, BEAVERTON OR 97005
Robert Holmes Swan	director	C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Monique S. Matheson	officer: EVP: HR	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Johanna Nielsen	officer: VP: CORP CONTROLLER	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Matthew Friend	officer: EVP: CFO	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Craig A. Williams	officer: PRES: GEOGRAPHIES & MRKTPLACE	1680 CAPITAL ONE DR., MCLEAN VA 22102
Maria Henry	director	C/O THE HILLSHIRE BRANDS COMPANY, 3500 LACEY ROAD, DOWNERS GROVE IL 60515
Peter B. Henry	director	C/O NEW YORK UNIVERSITY/KAUFMAN MGT CNT, 44 WEST 4TH STREET, SUITE 11-160, NEW YORK CITY NY 10012
Monica Gil	director	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Andrew Campion	officer: EVP: CFO, other: EVP: CFO	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Rogers John W Jr	director	ARIEL CAPITAL MANAGEMENT, INC., 200 EAST RANDOLPH DRIVE, SUITE 2900, CHICAGO IL 60601
Ann M Miller	officer: EVP & General Counsel	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Hilary K Krane	officer: VP General Counsel	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Heidi O'neill	officer: PRES: CONSUMER AND MKTPLC	C/O SKULLCANDY, INC., 1441 WEST UTE BOULEVARD, SUITE 250, PARK CITY UT 84098
Elizabeth J Comstock	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210