Myers Industries (Myers Industries) Momentum Rank : 10 (As of May. 05, 2024)

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What is Myers Industries Momentum Rank?

Myers Industries has the Momentum Rank of 10.

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 Myers Industries's Momentum Rank

For the Packaging & Containers subindustry, Myers Industries'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.

Myers Industries's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Myers Industries's Momentum Rank falls into.

Myers Industries Momentum Rank Related Terms

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Myers Industries (Myers Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (NYSE:MYE) » Definitions » Momentum Rank

Comparable Companies

PACK TRS KRT VKSC TUP YHGJ MGIH DSS OCTO OI BALL AVY PKG AMCR WRK IP DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

MJF:Germany

Address

1293 South Main Street, Akron, OH, USA, 44301

Website

https://www.myersindustries.com

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.

Executives

Yvette Dapremont Bright	director	739 WESTVIEW STREET, PHILADELPHIA PA 19119
Michael P. Mcgaugh	director, officer: President and CEO	1293 SOUTH MAIN STREET, AKRON OH 44301
Fitz E Grant	officer: EVP & CFO	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Lori A. Lutey	director	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Jeffrey Kramer	director	C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
William A Foley	director	P O BOX 10060, TOLEDO OH 436990060
Monica P. Vinay	officer: Interim CFO, VP and Treasurer	1293 SOUTH MAIN STREET, AKRON OH 44301
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Ronald M Defeo	director	600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219
Jim Gurnee	officer: VP Sales/Marketing/Commercial	1293 S MAIN ST, AKRON OH 44301
Paul Allan Johnson	officer: VP, Distribution Segment	1293 SOUTH MAIN STREET, AKRON OH 44301
Jeffrey Jon Baker	officer: VP, Shared Services	1293 SOUTH MAIN STREET, AKRON OH 44301
Sarah R Coffin	director	31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277
Sonal P. Robinson	officer: EVP, Finance	1293 SOUTH MAIN STREET, AKRON OH 44301