Nutrien (TSX:NTR) Momentum Rank

: 5 (As of Today)

View and export this data going back to 1989. Start your Free Trial

Nutrien has the Momentum Rank of 5.

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 Agricultural Inputs subindustry, Nutrien'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.

Nutrien Momentum Rank Distribution

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

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

Nutrien Momentum Rank Related Terms

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

Nutrien (TSX:NTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nutrien Ltd (TSX:NTR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NTR:USA NTR:Mexico N7T:Germany

Address

211 19th Street East, Suite 1700, Saskatoon, SK, CAN, S7K 5R6

Website

https://www.nutrien.com

Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients--nitrogen, potash, and phosphate--although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.

Executives

Noralee Bradley

Senior Officer