Modine Manufacturing Co (Modine Manufacturing Co) Momentum Rank : 3 (As of Apr. 27, 2024)

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What is Modine Manufacturing Co Momentum Rank?

Modine Manufacturing Co 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 Modine Manufacturing Co's Momentum Rank

For the Auto Parts subindustry, Modine Manufacturing Co'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.

Modine Manufacturing Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Modine Manufacturing Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Modine Manufacturing Co's Momentum Rank falls into.

Modine Manufacturing Co Momentum Rank Related Terms

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Modine Manufacturing Co (Modine Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Modine Manufacturing Co (NYSE:MOD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MMF:Germany MMF:Germany

Address

1500 DeKoven Avenue, Racine, WI, USA, 53403-2552

Website

https://www.modine.com

Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.

Executives

Michael B Lucareli	officer: EVP, CFO	1500 DEKOVEN AVE,, RACINE WI 53403
Christopher William Patterson	director	613 NW 11TH AVE, PORTLAND OR 97209
David J. Wilson	director	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Suresh V Garimella	director	585 PURDUE MALL, WEST LAFAYETTE IN 47907
William A Wulfsohn	director	ASHLAND INC., 50 EAST RIVERCENTER BLVD., COVINGTON KY 41011
Eric D Ashleman	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Katherine Carolyn Harper	director	263 TRESSER BOULEVARD, STAMFORD CT 06901
Marsha C Williams	director	EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
Larry Oscar Moore	director	2104 CALVERTON LN SW, ATLANTA GA 30331
Christine Y Yan	director	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Adrian Ian Peace	officer: President, Performance Technol	1500 DEKOVEN AVE., RACINE WI 53403
Eric S Mcginnis	officer: President, Climate Solutions	200 STATE STREET, BELOIT WI 53511
Brian Jon Agen	officer: VP, Human Resources	1500 DEKOVEN AVE., RACINE WI 53403
Sylvia Ann Stein	officer: VP, GC, Corp. Sec. and CCO	1500 DEKOVEN AVE., RACINE WI 53403
Neil David Brinker	director, officer: President and CEO	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525