6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Transcat's 6-1 Month Momentum % is 17.51%.
The industry rank for Transcat's 6-1 Month Momentum % or its related term are showing as below:
TRNS's 6-1 Month Momentum % is ranked better than 60% of 145
companies
in the Industrial Distribution industry
Industry Median: 8.83
vs TRNS: 17.51
Competitive Comparison of Transcat's 6-1 Month Momentum %
For the Industrial Distribution subindustry, Transcat'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.
Transcat's 6-1 Month Momentum % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Transcat's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Transcat's 6-1 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 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.
Transcat 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Transcat's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Transcat Inc is involved in providing calibration and laboratory instrument services and distribution of test, measurement, and control instrumentation. Its product and services portfolio consists of calibration instruments, dimensional measuring tools, Electrical test instruments, pressure measurement, etc. The firm has Service and Distribution operating segments. It derives the majority of its revenues from the Service segment. The firm promotes and sells its products under brand names such as Estech, FLIR, Fluke, Keysight, and Megger among others. It serves to pharmaceutical, industrial manufacturing, energy, and chemical process industries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TRNS has been successfully added to your