Tejon Ranch Co (STU:2TJ) Momentum Rank : 7 (As of May. 30, 2024)

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What is Tejon Ranch Co Momentum Rank?

Tejon Ranch Co 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 Tejon Ranch Co's Momentum Rank

For the Conglomerates subindustry, Tejon Ranch 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.

Tejon Ranch Co's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tejon Ranch Co's Momentum Rank distribution charts can be found below:

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

Tejon Ranch Co Momentum Rank Related Terms

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Tejon Ranch Co (STU:2TJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tejon Ranch Co (STU:2TJ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TRC:USA

Address

P.O. Box 1000, Tejon Ranch, CA, USA, 93243

Website

https://www.tejonranch.com

Tejon Ranch Co is a diversified real estate development and agribusiness company committed to responsibly using its land and resources to meet the housing, employment, and lifestyle needs of Californians and create value for its shareholders. It has five segments namely commercial/industrial real estate development, resort/residential real estate development, mineral resources, farming, and ranch operations. The company generates revenue from Real estate—commercial/industrial segment.

Tejon Ranch Co (STU:2TJ) Headlines

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