What is Beacon Roofing Supply 12-1 Month Momentum %?
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), Beacon Roofing Supply's 12-1 Month Momentum % is 65.71%.
The industry rank for Beacon Roofing Supply's 12-1 Month Momentum % or its related term are showing as below:
BECN's 12-1 Month Momentum % is ranked better than 86.71% of 143
companies
in the Industrial Distribution industry
Industry Median: 7.61
vs BECN: 65.71
Competitive Comparison of Beacon Roofing Supply's 12-1 Month Momentum %
For the Industrial Distribution subindustry, Beacon Roofing Supply's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.
Beacon Roofing Supply's 12-1 Month Momentum % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Beacon Roofing Supply's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Beacon Roofing Supply's 12-1 Month Momentum % falls into.
* 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.
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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.
Beacon Roofing Supply 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Beacon Roofing Supply's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Beacon Roofing Supply (Beacon Roofing Supply) Business Description
Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.
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