Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Momentum Rank : 8 (As of Apr. 29, 2024)

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What is Companhia Siderurgica Nacional Momentum Rank?

Companhia Siderurgica Nacional has the Momentum Rank of 8.

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 Companhia Siderurgica Nacional's Momentum Rank

For the Steel subindustry, Companhia Siderurgica Nacional'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.

Companhia Siderurgica Nacional's Momentum Rank Distribution in the Steel Industry

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

* The bar in red indicates where Companhia Siderurgica Nacional's Momentum Rank falls into.

Companhia Siderurgica Nacional Momentum Rank Related Terms

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Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Companhia Siderurgica Nacional (NYSE:SID) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CQWA:Germany CSNA3:Brazil SID:Argentina

Address

Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Sao Paulo, SP, BRA, 04538-132

Website

https://www.csn.com.br

Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.