Fortune Brands Innovations (LTS:0IRN) Momentum Rank : 6 (As of May. 09, 2024)

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What is Fortune Brands Innovations Momentum Rank?

Fortune Brands Innovations has the Momentum Rank of 6.

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 Fortune Brands Innovations's Momentum Rank

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.

Fortune Brands Innovations's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fortune Brands Innovations's Momentum Rank falls into.

Fortune Brands Innovations Momentum Rank Related Terms

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Fortune Brands Innovations (LTS:0IRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (LTS:0IRN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FBIN:USA 2FB:Germany

Address

520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611

Website

https://www.fbin.com

Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

Fortune Brands Innovations (LTS:0IRN) Headlines

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