TD Synnex (TD Synnex) Momentum Rank : 10 (As of Apr. 27, 2024)

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What is TD Synnex Momentum Rank?

TD Synnex 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 TD Synnex's Momentum Rank

For the Electronics & Computer Distribution subindustry, TD Synnex'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.

TD Synnex's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TD Synnex's Momentum Rank distribution charts can be found below:

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

TD Synnex Momentum Rank Related Terms

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TD Synnex (TD Synnex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TD Synnex Corp (NYSE:SNX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SUX:Germany

Address

44201 Nobel Drive, Fremont, CA, USA, 94538

Website

https://www.tdsynnex.com

TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.

Executives

Michael Urban	officer: President, Worldwide Distrib.	44201 NOBEL DRIVE, FREMONT CA 94538
Dennis Polk	director, officer: Chief Operating Officer	44201 NOBEL DRIVE, FREMONT CA 94538
Fred A Breidenbach	director
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Peer Developments Ltd	10 percent owner	4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
Silver Star Developments Ltd	10 percent owner	NO 200 WEN HWA 2ND RD, KUEI SHAN HSIANG, TAOYUAN F5 00000
Matthew Miau	director	44201 NOBEL DRIVE, FREMONT CA 94538
Claude J Pumilia	director	6363 S FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111
Kathleen M Crusco	director	C/O CALIX, INC., 1035 N. MCDOWELL BLVD, PETALUMA CA 94954
Marshall Witt	officer: Chief Financial Officer	44201 NOBEL DRIVE, FREMONT CA 94538
Ap Ix Tiger Co-invest (ml) Gp, Llc	10 percent owner	9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Ap Ix Tiger Holdings Gp, Llc	10 percent owner	9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Tiger Parent Holdings Gp, Llc	10 percent owner	9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Ap Ix Tiger Co-invest (ml), L.p.	10 percent owner	9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Richard T Hume	director, officer: Chief Executive Officer	5350 TECH DATA DRIVE, CLEARWATER FL 33760