Steelcase (Steelcase) Momentum Rank : 9 (As of Apr. 26, 2024)

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What is Steelcase Momentum Rank?

Steelcase has the Momentum Rank of 9.

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 Steelcase's Momentum Rank

For the Business Equipment & Supplies subindustry, Steelcase'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.

Steelcase's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Steelcase's Momentum Rank distribution charts can be found below:

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

Steelcase Momentum Rank Related Terms

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

Steelcase (Steelcase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Steelcase Inc (NYSE:SCS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GJB:Germany GJB:Germany

Address

901 44th Street SE, Grand Rapids, MI, USA, 49508

Website

https://www.steelcase.com

Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.

Executives

Nicole Cherie Mcgrath	officer: VP, Corp Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Robert G Krestakos	officer: VP, Global Operations	901 44TH STREET SE, GRAND RAPIDS MI 49508
David C Sylvester	officer: Senior Vice President, CFO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Lizbeth S O'shaughnessy	officer: Senior VP, CLO and Secretary	901 44TH STREET SE, GRAND RAPIDS MI 49508
Wege Peter M Ii	director	901 44TH ST SE, GRAND RAPIDS MI 49508
Sanjay Gupta	director	2775 SANDERS ROAD, NORTHBROOK IL 60062
Sara E Armbruster	officer: VP, WS Futures & Corp Strategy	901 44TH STREET SE, GRAND RAPIDS MI 49508
Jennifer C Niemann	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Steven Douglas Miller	officer: VP, Chief Technology Officer	901 44TH STREET SE, GRAND RAPIDS MI 49508
Guillaume M Alvarez	officer: Senior VP, EMEA	901 44TH STREET SE, GRAND RAPIDS MI 49508
Kate P Wolters	director	901 44TH ST, GRAND RAPIDS MI 49508
Robin L Zondervan	officer: Corporate Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Eddy F Schmitt	officer: Senior VP, Americas	901 44TH STREET SE, GRAND RAPIDS MI 49508
Linda K Williams	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Donna K Flynn	officer: VP, Global Talent Management	901 44TH STREET SE, GRAND RAPIDS MI 49508