Nikola (Nikola) Momentum Rank : 5 (As of Apr. 28, 2024)

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What is Nikola Momentum Rank?

Nikola has the Momentum Rank of 5.

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 Nikola's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Nikola'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.

Nikola's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikola's Momentum Rank distribution charts can be found below:

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

Nikola Momentum Rank Related Terms

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Nikola (Nikola) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (NAS:NKLA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NKLA:Mexico 1NKLA:Italy 0A3R:UK 8NI:Germany NKLA:Austria

Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Executives

Joseph S. Cappello	officer: President of Energy	13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick	officer: Chief Financial Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Carey Mendes	officer: President, Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller	officer: President, Nikola Motor Div.	4141 E BROADWAY ROAD, PHONEIX AZ 85040
Joseph R. Pike	officer: Chief Human Resources Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen	officer: Chief Legal Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell	director, 10 percent owner, officer: President and CEO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton	director, 10 percent owner, officer: Executive Chairman	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester	director	C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner	officer: President, Nikola Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich	director
Bruce L. Smith	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Jeffrey W Ubben	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129