Newell Brands (LTS:0K7J) Momentum Rank : 4 (As of May. 04, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Newell Brands Momentum Rank?

Newell Brands has the Momentum Rank of 4.

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 Newell Brands's Momentum Rank

For the Household & Personal Products subindustry, Newell Brands'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.

Newell Brands's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Newell Brands's Momentum Rank distribution charts can be found below:

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

Newell Brands Momentum Rank Related Terms

Thank you for viewing the detailed overview of Newell Brands's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Newell Brands (LTS:0K7J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newell Brands Inc (LTS:0K7J) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NWL:USA NWL:Germany N1WL34:Brazil

Address

6655 Peachtree Dunwoody Road, Atlanta, GA, USA, 30328

Website

https://www.newellbrands.com

Newell Brands Inc is an American global consumer goods company. The business activities of the group function through five segments namely, Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation. The learning and Development segment generates most of the revenue for the firm which offers baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products, and labeling solutions.

Newell Brands (LTS:0K7J) Headlines

No Headlines