GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Boeing Co (XBRU:BAB) » Definitions » Momentum Rank

Boeing Co (XBRU:BAB) Momentum Rank : 5 (As of Apr. 27, 2024)


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

What is Boeing Co Momentum Rank?

Boeing Co 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 of Boeing Co's Momentum Rank

For the Aerospace & Defense subindustry, Boeing 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.


Boeing Co's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Boeing Co's Momentum Rank distribution charts can be found below:

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



Boeing Co Momentum Rank Related Terms

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


Boeing Co (XBRU:BAB) Business Description

Address
929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.

Boeing Co (XBRU:BAB) Headlines

From GuruFocus

Optimum Quantvest Corp Buys Invesco Taxable Municipal Bond ETF

By GuruFocus Research GuruFocus Editor 11-16-2020