GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubos Reunidos SA (XMAD:TRG) » Definitions » 6-1 Month Momentum %

Tubos Reunidos (XMAD:TRG) 6-1 Month Momentum % : 13.85% (As of May. 12, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Tubos Reunidos 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Tubos Reunidos's 6-1 Month Momentum % is 13.85%.

The industry rank for Tubos Reunidos's 6-1 Month Momentum % or its related term are showing as below:

XMAD:TRG's 6-1 Month Momentum % is ranked better than
63.99% of 647 companies
in the Steel industry
Industry Median: 6.3 vs XMAD:TRG: 13.85

Competitive Comparison of Tubos Reunidos's 6-1 Month Momentum %

For the Steel subindustry, Tubos Reunidos's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.


Tubos Reunidos's 6-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tubos Reunidos's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Tubos Reunidos's 6-1 Month Momentum % falls into.



Tubos Reunidos  (XMAD:TRG) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tubos Reunidos  (XMAD:TRG) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Tubos Reunidos 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Tubos Reunidos's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tubos Reunidos (XMAD:TRG) Business Description

Traded in Other Exchanges
Address
Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470
Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.

Tubos Reunidos (XMAD:TRG) Headlines

No Headlines