What is United States Lime & Minerals 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), United States Lime & Minerals's 6-1 Month Momentum % is 47.76%.
The industry rank for United States Lime & Minerals's 6-1 Month Momentum % or its related term are showing as below:
USLM's 6-1 Month Momentum % is ranked better than 87.29% of 417
companies
in the Building Materials industry
Industry Median: 4.23
vs USLM: 47.76
Competitive Comparison of United States Lime & Minerals's 6-1 Month Momentum %
For the Building Materials subindustry, United States Lime & Minerals'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.
United States Lime & Minerals's 6-1 Month Momentum % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, United States Lime & Minerals's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where United States Lime & Minerals's 6-1 Month Momentum % falls into.
United States Lime & Minerals (NAS:USLM) 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.
United States Lime & Minerals (NAS:USLM) 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.
United States Lime & Minerals 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of United States Lime & Minerals's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Lime & Minerals (United States Lime & Minerals) Business Description
United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry. It supplies primarily to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.
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