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Ascent Industries Co has the Momentum Rank of 10.
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.
For the Steel subindustry, Ascent Industries 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.
For the Steel industry and Basic Materials sector, Ascent Industries Co's Momentum Rank distribution charts can be found below:
* The bar in red indicates where Ascent Industries Co's Momentum Rank falls into.
Thank you for viewing the detailed overview of Ascent Industries Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Zuppo John Robert Iii | other: Exec VP - Synalloy Chemicals | 6095 OLD BRICK STORE RD, GREENSBORO NC 27455 |
William Steckel | officer: Chief Financial Officer | 2972 STENDER WAY, SANTA CLARA CA 95054 |
Benjamin L Rosenzweig | director | 50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342 |
Mazzaferro Aldo John Jr | director | 15 MIDWOOD ROAD, STONY BROOK NY 11790 |
Christopher Gerald Hutter | director | 1400 16TH STREET, SUITE 250, OAK BROOK IL 60523 |
Privet Fund Lp | 10 percent owner, other: See Explanation of Responses | 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305 |
Henry L Guy | director | 89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901 |
Aaron M Tam | officer: Chief Financial Officer | 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060 |
John Schauerman | director | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
Tackett Glenn Douglas Jr | officer: Chief Legal Officer | 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060 |
David James Kuzy | other: EVP - Synalloy Chemicals | 639 S. MAIN STREET, NAPERVILLE IL 60540 |
Timothy J Lynch | other: Exec VP - Synalloy Metals | 13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507 |
Sarah M Cunningham | officer: VP Corporate Adinistration | 14519 AUGUSTA LANE, ASHLAND X1 23005 |
Maria Haughton Roberson | other: President, ASTI | 129 HONEYCUTT ROAD, TROUTMAN NC 28166 |
Anthony A Callander | director | PO BOX 5627, SPARTANBURG SC 29304 |
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