Encore Wire (Encore Wire) Momentum Rank : 9 (As of Apr. 28, 2024)

View and export this data going back to 1992. Start your Free Trial

What is Encore Wire Momentum Rank?

Encore Wire has the Momentum Rank of 9.

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 Encore Wire's Momentum Rank

For the Electrical Equipment & Parts subindustry, Encore Wire'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.

Encore Wire's Momentum Rank Distribution in the Industrial Products Industry

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

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

Encore Wire Momentum Rank Related Terms

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

Encore Wire (Encore Wire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Encore Wire Corp (NAS:WIRE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EW3:Germany

Address

1329 Millwood Road, McKinney, TX, USA, 75069

Website

https://www.encorewire.com

Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.

Executives

William Kelvin Walker	director	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Matthew D. Ford	officer: Controller	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Daniel L Jones	director, officer: Chairman, President & CEO	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069
Bret J Eckert	officer: Vice President - Finance & CFO	P O BOX 650205, DALLAS TX 75265
Gregory J Fisher	director	14643 DALLAS PAKWAY, STE 1000, DALLAS TX 75254-8890
Scott D Weaver	director	C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905
Thomas William R Iii	director	12900 PRESTON ROAD, SUITE 700, DALLAS TX 75230
John H Wilson	director	12900 PRESTON RD, STE 700, DALLAS TX 75230
Gina A. Norris	director	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Frank J Bilban	officer: Vice President - Finance & CFO	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069
Donald Eugene Courtney	director
Capital Southwest Corp	director	8333 DOUGLAS AVE, SUITE 1100, DALLAS TX 75225
Norman R Medlen	officer: Controller	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069
Cunningham Thomas Lee Iii	director
Joseph M Brito	director	1410 MILLWOOD RD, C/O ENCORE WIRE CORP, MCKINNEY TX 75069