NN (NNBR) Momentum Rank : 6 (As of May. 21, 2024)

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What is NN Momentum Rank?

NN 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 NN's Momentum Rank

For the Conglomerates subindustry, NN'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.

NN's Momentum Rank Distribution in the Conglomerates Industry

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

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

NN Momentum Rank Related Terms

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NN (NNBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » NN Inc (NAS:NNBR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NN2:Germany

Address

6210 Ardrey Kell Road, Suite 600, Charlotte, NC, USA, 28277

Website

https://www.nninc.com

NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components. It operates in two business segments: mobile solutions and power solutions. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. It also operates in China, Mexico, Brazil, Germany, and other countries.

Executives

Rajeev Gautam	director	C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202
Timothy M. French	officer: Chief Operating Officer	6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Joao V Faria	director	1000 EATON BLVD., CLEVELAND OH 44122
Corre Partners Management, Llc	10 percent owner	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
Harold C Bevis	officer: President and CEO	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Wilson Thomas Hampton Jr.	director	PO BOX 807, 663 HWY 60, MONETT MO 65708
Raynard D. Benvenuti	director	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Shihab A. Kuran	director	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Christina Carroll	director	16529 ADLON ROAD, ENCINO CA 91436
Jeri J Harman	director
Corre Opportunities Qualified Master Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Warren A Veltman	officer: SVP/GM Autocam Precision Comp.	2000 WATERS EDGE DRIVE, BUILDING C, SUITE 12, JOHNSON CITY TN 37604
Felcher, Jr. Michael C.	officer: See Remarks	6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Eric Hjalmar Soderlund	10 percent owner	12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017
Corre Partners Advisors Llc	10 percent owner	12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017