ADF Group (ADF Group) Momentum Rank : 3 (As of Apr. 25, 2024)

View and export this data going back to 2013. Start your Free Trial

What is ADF Group Momentum Rank?

ADF Group has the Momentum Rank of 3.

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 ADF Group's Momentum Rank

For the Metal Fabrication subindustry, ADF Group'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.

ADF Group's Momentum Rank Distribution in the Industrial Products Industry

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

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

ADF Group Momentum Rank Related Terms

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

ADF Group (ADF Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADF Group Inc (OTCPK:ADFJF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

4QM:Germany DRX:Canada

Address

300, rue Henry-Bessemer, Terrebonne, QC, CAN, J6Y 1T3

Website

https://www.adfgroup.com

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators. The company operates in the United States and Canada.

ADF Group (ADF Group) Headlines

From GuruFocus

ADF Group Update

By Barel Karsan Barel Karsan • 04-14-2021

ADF Group

By Barel Karsan Barel Karsan • 09-15-2020