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), CECO Environmental's 12-1 Month Momentum % is 98.86%.
The industry rank for CECO Environmental's 12-1 Month Momentum % or its related term are showing as below:
CECO's 12-1 Month Momentum % is ranked better than 92.17% of 2924
companies
in the Industrial Products industry
Industry Median: 0.585
vs CECO: 98.86
Competitive Comparison of CECO Environmental's 12-1 Month Momentum %
For the Pollution & Treatment Controls subindustry, CECO Environmental'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.
CECO Environmental's 12-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, CECO Environmental's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where CECO Environmental'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.
CECO Environmental 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of CECO Environmental's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
CECO Environmental (CECO Environmental) Business Description
CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
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