Arrow Electronics (STU:ARW) Momentum Rank : 7 (As of May. 17, 2024)

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What is Arrow Electronics Momentum Rank?

Arrow Electronics 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 Arrow Electronics's Momentum Rank

For the Electronics & Computer Distribution subindustry, Arrow Electronics'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.

Arrow Electronics's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arrow Electronics's Momentum Rank distribution charts can be found below:

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

Arrow Electronics Momentum Rank Related Terms

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Arrow Electronics (STU:ARW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arrow Electronics Inc (STU:ARW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ARW:USA

Address

9201 East Dry Creek Road, Centennial, CO, USA, 80112

Website

https://investor.arrow.com

Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It has one of the world's broadest portfolios of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions, and software, the company helps industrial and commercial customers introduce products, reduce their time to market, and enhance their overall competitiveness. The company has two business segments, the components business and the enterprise computing solutions.