GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Fletcher Building Ltd (ASX:FBU) » Definitions » 12-1 Month Momentum %

Fletcher Building (ASX:FBU) 12-1 Month Momentum % : -30.51% (As of Dec. 11, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Fletcher Building 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-11), Fletcher Building's 12-1 Month Momentum % is -30.51%.

The industry rank for Fletcher Building's 12-1 Month Momentum % or its related term are showing as below:

ASX:FBU's 12-1 Month Momentum % is ranked worse than
89.86% of 434 companies
in the Building Materials industry
Industry Median: 2.655 vs ASX:FBU: -30.51

Competitive Comparison of Fletcher Building's 12-1 Month Momentum %

For the Building Materials subindustry, Fletcher Building'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.


Fletcher Building's 12-1 Month Momentum % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Fletcher Building's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Fletcher Building's 12-1 Month Momentum % falls into.



Fletcher Building  (ASX:FBU) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.


Fletcher Building  (ASX:FBU) 12-1 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 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.


Fletcher Building 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Fletcher Building's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fletcher Building Business Description

Traded in Other Exchanges
Address
810 Great South Road, Penrose, Auckland, NTL, NZL, 1061
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.

Fletcher Building Headlines

No Headlines