CNH Industrial NV (CNH Industrial NV) Momentum Rank : 7 (As of May. 06, 2024)

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What is CNH Industrial NV Momentum Rank?

CNH Industrial NV 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 CNH Industrial NV's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.

CNH Industrial NV's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CNH Industrial NV's Momentum Rank falls into.

CNH Industrial NV Momentum Rank Related Terms

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CNH Industrial NV (CNH Industrial NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (NYSE:CNHI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.