MOM008Factor HubMomentum FactorsMedium
Industry-Relative Momentum Factor
Strips out sector beta to isolate the stock-specific momentum signal.
Formula
IndRelMom = R_stock(t-20,t) - R_industry(t-20,t)Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
3.54%
Sharpe ratio
0.28
Max drawdown
-37.17%
Total return
41.65%
Cumulative performance（2016-09 … 2026-08）
2016 -6.4%2017 +2.3%2018 -5.1%2019 +11.6%2020 +31.4%2021 +7.9%2022 +34.9%2023 -21.1%2024 -5.8%2025 +4.1%2026 -5.6%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | FE | FirstEnergy | 0.322 |
| 2 | HON | Honeywell | 0.238 |
| 3 | MAA | Mid-America Apartment | 0.237 |
| 4 | SHW | Sherwin-Williams | 0.209 |
| 5 | SMCI | Super Micro Computer | 0.197 |
| 6 | CI | Cigna | 0.195 |
| 7 | PEG | Public Service Enterprise | 0.180 |
| 8 | INTU | Intuit | 0.170 |
| 9 | EIX | Edison International | 0.170 |
| 10 | SBUX | Starbucks | 0.168 |
| 11 | CHTR | Charter Communications | 0.167 |
| 12 | ON | ON Semiconductor | 0.166 |
| 13 | PSX | Phillips 66 | 0.146 |
| 14 | KHC | Kraft Heinz | 0.145 |
| 15 | ETSY | Etsy | 0.144 |
| 16 | AIG | American Intl Group | 0.143 |
| 17 | MO | Altria | 0.143 |
| 18 | KVUE | Kenvue | 0.142 |
| 19 | COP | ConocoPhillips | 0.137 |
| 20 | KMB | Kimberly-Clark | 0.124 |
| 21 | ZS | Zscaler | 0.121 |
| 22 | TJX | TJX Companies | 0.120 |
| 23 | HAL | Halliburton | 0.120 |
| 24 | MDLZ | Mondelez | 0.119 |
| 25 | USB | U.S. Bancorp | 0.115 |
| 26 | AEE | Ameren | 0.114 |
| 27 | PPG | PPG Industries | 0.110 |
| 28 | NVO | Novo Nordisk | 0.102 |
| 29 | EOG | EOG Resources | 0.102 |
| 30 | KIM | Kimco Realty | 0.102 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.