HNI (HNI) Momentum Rank : 6 (As of May. 04, 2024)

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What is HNI Momentum Rank?

HNI has the Momentum Rank of 6.

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 HNI's Momentum Rank

For the Business Equipment & Supplies subindustry, HNI'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.

HNI's Momentum Rank Distribution in the Industrial Products Industry

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

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

HNI Momentum Rank Related Terms

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

HNI (HNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HNI Corp (NYSE:HNI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HO9:Germany HO9:Germany

Address

600 East Second Street, P.O. Box 1109, Muscatine, IA, USA, 52761-0071

Website

https://www.hnicorp.com

HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its workplace furnishing, which consists of panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. Residential building products include a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, Mainland China, Hong Kong, India, Mexico, and Taiwan.

Executives

Steven M Bradford	officer: Sr. VP, Gen. Counsel & Sec.	408 EAST SECOND STREET, MUSCATINE IA 52761
Jeffrey D Lorenger	officer: VP, Gen. Counsel and Secretary	408 EAST SECOND STREET, PO BOX 1109, MUSCATINE IA 52761
Vincent P Berger	officer: President, Hearth & Home Tech	7571 215TH STREET WEST, LAKEVILLE MN 55044
Marshall H Bridges	officer: VP and Chief Financial Officer	408 EAST SECOND STREET, MUSCATINE IA 52761
Michael J. Roch	officer: CCO, WP & Health, Kimball Intl	C/O KIMBALL INTERNATIONAL, INC., 1600 ROYAL STREET, JASPER IN 47546
Gregory A Meunier	officer: Ex VP GL Ops, Kimball Intl	1600 ROYAL ST, JASPER IN 47546
Kourtney L Smith	officer: COO, Kimball International	1600 ROYAL STREET, JASPER IN 47549
Larry B Porcellato	director	ICI PAINTS, 15885 SPRAGUE ROAD, CLEVELAND OH 44136
Patrick D Hallinan	director	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Radhakrishna S Rao	officer: Chief Info and Digital Officer	600 EAST SECOND STREET, MUSCTAINE IA 52761
Ronald V Waters	director	75 EAST ELM STREET, CHICAGO IL 60611
Miguel M Calado	director	3600 AMHERST, UNIVERSITY PARK, DALLAS TX 75225
Kurt A Tjaden	officer: SVP HNI; President HNI Intl	408 EAST SECOND STREET, MUSCATINE IA 52761
Jason Dean Hagedorn	officer: President, Allsteel Inc.	600 EAST SECOND STREET, MUSCATINE IA 52761
Donna D Meade	officer: VP, Member Relations	408 EAST SECOND STREET, MUSCATINE IA 52761