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), Q.E.P. Co's 6-1 Month Momentum % is 64.84%.
The industry rank for Q.E.P. Co's 6-1 Month Momentum % or its related term are showing as below:
QEPC's 6-1 Month Momentum % is ranked better than 93.58% of 2991
companies
in the Industrial Products industry
Industry Median: 3.45
vs QEPC: 64.84
Competitive Comparison of Q.E.P. Co's 6-1 Month Momentum %
For the Tools & Accessories subindustry, Q.E.P. Co'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.
Q.E.P. Co's 6-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Q.E.P. Co's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Q.E.P. Co's 6-1 Month Momentum % falls into.
Q.E.P. Co (OTCPK:QEPC) 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.
Q.E.P. Co (OTCPK:QEPC) 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.
Q.E.P. Co 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Q.E.P. Co's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Q.E.P. Co Inc is a provider of flooring and industrial solutions. The company is a manufacturer, marketer, and distributor of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. It also provides industrial tools to the industrial trades under brand names including QEP, ROBERTS, Capitol, Harris Wood, Fausfloor, Vitrex, Homelux, TileRite, PRCI, Nupla, HISCO, Plasplugs, Ludell, Porta-Nails, Tomecanic, Benetiere, and Elastiment. The company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in an approx 50 states and throughout the world.
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