Nucor (NUE) Momentum Rank

: 10 (As of Today)

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Nucor 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 Steel subindustry, Nucor'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.

Nucor Momentum Rank Distribution

For the Steel industry and Basic Materials sector, Nucor's Momentum Rank distribution charts can be found below:

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

Nucor Momentum Rank Related Terms

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Nucor (NUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nucor Corp (NYSE:NUE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NUE:Mexico NUO:Germany NUO:Germany N1UE34:Brazil NUE:Argentina

Address

1915 Rexford Road, Charlotte, NC, USA, 28211

Website

https://www.nucor.com

Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.

Executives

Douglas J Jellison	officer: Executive Vice President	1915 REXFORD RD, CHARLOTTE NC 28211
Nicholas C Gangestad	director	3M CENTER-OFFICE OF GENERAL COUNSEL, ST. PAUL MN 55144-1000
D. Chad Utermark	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Michael D Keller	officer: General Mgr. and Corp. Contro	1915 REXFORD ROAD, CHARLOTTE NC 28211
Allen C Behr	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
David A Sumoski	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Gregory J Murphy	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Leon J Topalian	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Daniel R. Needham	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
State Farm Mutual Automobile Insurance Co	10 percent owner	ONE STATE FARM PLAZA, BLOOMINGTON IL 61710
Noah C Hanners	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Kenneth Rex Query	officer: Executive Vice President	2100 REXFORD RD, CHARLOTTE NC 28211
John J Hollatz	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Stephen D Laxton	officer: CFO, Treasurer and EVP	1915 REXFORD ROAD, CHARLOTTE NC 28211
Bradley Ford	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211