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Fortive (BSP:F1TV34) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Fortive Momentum Rank?

Fortive has the Momentum Rank of 0.

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.

Fortive Momentum Rank Related Terms

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Fortive (BSP:F1TV34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fortive Corp (BSP:F1TV34) » Definitions » Momentum Rank
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Traded in Other Exchanges
FTV:USA FTV:Mexico F03:Germany
Address
6920 Seaway Boulevard, Everett, WA, USA, 98203
Website
https://www.fortive.com
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022.

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