SiteOne Landscape Supply (FRA:0S0) Momentum Rank : 8 (As of May. 29, 2024)

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What is SiteOne Landscape Supply Momentum Rank?

SiteOne Landscape Supply has the Momentum Rank of 8.

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 SiteOne Landscape Supply's Momentum Rank

For the Industrial Distribution subindustry, SiteOne Landscape Supply'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.

SiteOne Landscape Supply's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, SiteOne Landscape Supply's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SiteOne Landscape Supply's Momentum Rank falls into.

SiteOne Landscape Supply Momentum Rank Related Terms

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SiteOne Landscape Supply (FRA:0S0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » SiteOne Landscape Supply Inc (FRA:0S0) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SITE:USA

Address

300 Colonial Center Parkway, Suite 600, Roswell, GA, USA, 30076

Website

https://www.siteone.com

SiteOne Landscape Supply Inc is one of the largest suppliers of tools and equipment. The company serves various businesses which include wholesale irrigation, outdoor lighting, nursery, landscape supplies, grass seeds, and fertilizers, turf protection products, turf care equipment, and golf course accessories for green industry professionals mainly in the United States and Canada. Its product portfolio includes irrigation supplies, fertilizer and herbicides, landscape accessories, nursery goods, natural stones and blocks, outdoor lighting and ice melt products and other products.

SiteOne Landscape Supply (FRA:0S0) Headlines

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