Kadant (Kadant) 6-1 Month Momentum % : 48.30% (As of Apr. 27, 2024)

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What is Kadant 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 (2024-04-27), Kadant's 6-1 Month Momentum % is 48.30%.

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

KAI's 6-1 Month Momentum % is ranked better than
89.1% of 2991 companies
in the Industrial Products industry
Industry Median: 3.45 vs KAI: 48.30

Competitive Comparison of Kadant's 6-1 Month Momentum %

For the Specialty Industrial Machinery subindustry, Kadant'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.

Kadant's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kadant's 6-1 Month Momentum % distribution charts can be found below:

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

Kadant (NYSE:KAI) 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.

Kadant (NYSE:KAI) 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.

Kadant 6-1 Month Momentum % Related Terms

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Kadant (Kadant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kadant Inc (NYSE:KAI) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

KDA:Germany

Address

One Technology Park Drive, Westford, MA, USA, 01886

Website

https://www.kadant.com

Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are: Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a global presence with sizable revenue from the U.S., Europe, Asia, and Canada.

Executives

Thomas Andrew Blanchard	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Michael C. Colwell	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Erin L Russell	director	245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
John M Albertine	director	100 FEDERAL DRIVE, FREDERICKSBURG VA 22405
Dara F Mitchell	officer: Senior VP, Corp. Development	1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Peter J. Flynn	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Fredrik H Westerhout	officer: Vice President	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Stacy D. Krause	officer: VP, General Counsel, Secretary	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Michael J Mckenney	officer: VICE PRESIDENT	ONE ACTON PLACE STE.200, ACTON MA 01720
William P Tully	director	1 TECHNOLOGY PARK DRIVE, 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Rebecca Martinez O'mara	director	KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Thomas C Leonard	director	KADANT INC., 1 TECHONOLOGY PARK DRIVE, WESTFORD MA 01886
Eric T Langevin	officer: Vice President	KADANT INC., ONE ACTON PLACE, SUITE 202, ACTON MA 01720
Jeffrey L Powell	officer: EXECUTIVE VICE PRESIDENT	1 WALNUT STREET, ACTON MA 01720
Jonathan W Painter	officer: EXECUTIVE VICE PRESIDENT	ONE ACTO PLACE, SUITE 202, ACTON MA 01720