York Timber Holdings (JSE:YRK) Momentum Rank : 5 (As of May. 30, 2024)

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What is York Timber Holdings Momentum Rank?

York Timber Holdings has the Momentum Rank of 5.

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 York Timber Holdings's Momentum Rank

For the Lumber & Wood Production subindustry, York Timber Holdings'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.

York Timber Holdings's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, York Timber Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where York Timber Holdings's Momentum Rank falls into.

York Timber Holdings Momentum Rank Related Terms

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York Timber Holdings (JSE:YRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » York Timber Holdings Ltd (JSE:YRK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Main Road, York Corporate Office, P.O. Box 1191, Sabie, MP, ZAF, 1260

Website

http://www.york.co.za

York Timber Holdings Ltd is an integrated forestry company. The company's operating segment includes Processing plants; Wholesale, Forestry and Fleet and Agriculture. It generates maximum revenue from the Processing plants segment. The processing plants segment is divided into two divisions namely Sawmilling and Plywood. Geographically, it derives a majority of revenue from South Africa and also has a presence in the Southern Africa Development Community (SADC) and the United Kingdom, Belgium, China, and the United States of America.

York Timber Holdings (JSE:YRK) Headlines

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