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AirBoss of America (FRA:2S1) 12-1 Month Momentum % : 37.30% (As of Oct. 31, 2024)


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What is AirBoss of America 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 (2024-10-31), AirBoss of America's 12-1 Month Momentum % is 37.30%.

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

FRA:2S1's 12-1 Month Momentum % is ranked better than
83.73% of 1561 companies
in the Chemicals industry
Industry Median: 1.57 vs FRA:2S1: 37.30

Competitive Comparison of AirBoss of America's 12-1 Month Momentum %

For the Specialty Chemicals subindustry, AirBoss of America'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.


AirBoss of America's 12-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AirBoss of America's 12-1 Month Momentum % distribution charts can be found below:

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



AirBoss of America  (FRA:2S1) 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.


AirBoss of America  (FRA:2S1) 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.


AirBoss of America 12-1 Month Momentum % Related Terms

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AirBoss of America Business Description

Traded in Other Exchanges
Address
16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8
AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive, and industrial markets. It operates in three segments, 1) The AirBoss Rubber Solutions includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The AirBoss Manufactured Products include the manufacture and distribution of anti-noise, vibration, and harshness dampening parts and personal protection and safety products, primarily for CBRN-E threats. 3) The Unallocated Corporate Costs Include corporate activities and certain unallocated costs. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.

AirBoss of America Headlines

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