Ryerson Holding (FRA:7RY) Momentum Rank : 7 (As of May. 17, 2024)

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What is Ryerson Holding Momentum Rank?

Ryerson Holding has the Momentum Rank of 7.

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 Ryerson Holding's Momentum Rank

For the Metal Fabrication subindustry, Ryerson Holding'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.

Ryerson Holding's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ryerson Holding's Momentum Rank distribution charts can be found below:

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

Ryerson Holding Momentum Rank Related Terms

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Ryerson Holding (FRA:7RY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ryerson Holding Corp (FRA:7RY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RYI:USA

Address

227 West Monroe Street, 27th Floor, Chicago, IL, USA, 60606

Website

https://www.ryerson.com

Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.

Ryerson Holding (FRA:7RY) Headlines

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