C.H. Robinson Worldwide (BSP:C1HR34) Momentum Rank : 3 (As of Apr. 30, 2024)

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What is C.H. Robinson Worldwide Momentum Rank?

C.H. Robinson Worldwide has the Momentum Rank of 3.

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 C.H. Robinson Worldwide's Momentum Rank

For the Integrated Freight & Logistics subindustry, C.H. Robinson Worldwide'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.

C.H. Robinson Worldwide's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, C.H. Robinson Worldwide's Momentum Rank distribution charts can be found below:

* The bar in red indicates where C.H. Robinson Worldwide's Momentum Rank falls into.

C.H. Robinson Worldwide Momentum Rank Related Terms

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C.H. Robinson Worldwide (BSP:C1HR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C.H. Robinson Worldwide Inc (BSP:C1HR34) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CHRW:USA CH1A:Germany

Address

14701 Charlson Road, Eden Prairie, MN, USA, 55347-5088

Website

https://www.chrobinson.com

C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 60% of 2022 net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm operates a large air and ocean forwarding division (30%), which has grown organically and via tuck-in acquisitions over the years. The remainder of revenue consists of the European truck-brokerage division, transportation management services, and a legacy produce-sourcing operation.

C.H. Robinson Worldwide (BSP:C1HR34) Headlines

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