Fastenal Co (WBO:FAST) Momentum Rank : 3 (As of Apr. 25, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Fastenal Co Momentum Rank?

Fastenal Co 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 Fastenal Co's Momentum Rank

For the Industrial Distribution subindustry, Fastenal Co'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.

Fastenal Co's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Momentum Rank distribution charts can be found below:

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

Fastenal Co Momentum Rank Related Terms

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

Fastenal Co (WBO:FAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (WBO:FAST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FASL34:Brazil

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.