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ESAB (ESAB) 12-1 Month Momentum % : 55.09% (As of Dec. 15, 2024)


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What is ESAB 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 (2024-12-15), ESAB's 12-1 Month Momentum % is 55.09%.

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

ESAB's 12-1 Month Momentum % is ranked better than
85.26% of 2951 companies
in the Industrial Products industry
Industry Median: 0.78 vs ESAB: 55.09

Competitive Comparison of ESAB's 12-1 Month Momentum %

For the Metal Fabrication subindustry, ESAB'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.


ESAB's 12-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ESAB's 12-1 Month Momentum % distribution charts can be found below:

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



ESAB  (NYSE:ESAB) 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.


ESAB  (NYSE:ESAB) 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.


ESAB 12-1 Month Momentum % Related Terms

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ESAB Business Description

Traded in Other Exchanges
Address
909 Rose Avenue, 8th Floor, North Bethesda, MD, USA, 20852
ESAB, spun off from Colfax in 2022, is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. Alongside competitors Lincoln Electric and ITW's Miller brand, ESAB is one of the top three players in the welding space. ESAB generated roughly $2.8 billion in revenue in 2023.
Executives
Rhonda L Jordan director KRAFT FOODS INC, THREE LAKES DRIVE, NORTHFIELD IL 60093
Shyam Kambeyanda officer: President and CEO 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Kevin J Johnson officer: Chief Financial Officer 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Rajiv Vinnakota director 8730 STONY POINT PARKWAY, SUITE 150, RICHMOND VA 23235
Christopher M Hix director 2160 SATELLITE BLVD., SUITE 200, DULUTH GA 30097
Didier P Teirlinck director INGERSOLL-RAND COMPANY, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645
Olivier Biebuyck officer: President, EMEA 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Michele Campion officer: Chief Human Resources Officer 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Patrick W Allender director DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
John P Dion officer: SVP, ESAB Business Excellence 909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852
Eleanor Lukens officer: President, Americas 909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852
Mitchell P Rales director 11790 GLEN ROAD, POTOMAC MD 20854
Curtis E Jewell officer: SVP, General Counsel 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Melissa Cummings director 909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Stephanie M Phillipps director C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173