GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Iskenderun Demir ve Celik AS (IST:ISDMR) » Definitions » 12-1 Month Momentum %

Iskenderun Demir ve Celik AS (IST:ISDMR) 12-1 Month Momentum % : 10.72% (As of Jun. 17, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Iskenderun Demir ve Celik AS 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 (2024-06-17), Iskenderun Demir ve Celik AS's 12-1 Month Momentum % is 10.72%.

The industry rank for Iskenderun Demir ve Celik AS's 12-1 Month Momentum % or its related term are showing as below:

IST:ISDMR's 12-1 Month Momentum % is ranked better than
55.47% of 640 companies
in the Steel industry
Industry Median: 4.905 vs IST:ISDMR: 10.72

Competitive Comparison of Iskenderun Demir ve Celik AS's 12-1 Month Momentum %

For the Steel subindustry, Iskenderun Demir ve Celik AS'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.


Iskenderun Demir ve Celik AS's 12-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Iskenderun Demir ve Celik AS's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Iskenderun Demir ve Celik AS's 12-1 Month Momentum % falls into.



Iskenderun Demir ve Celik AS  (IST:ISDMR) 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.


Iskenderun Demir ve Celik AS  (IST:ISDMR) 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.


Iskenderun Demir ve Celik AS 12-1 Month Momentum % Related Terms

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


Iskenderun Demir ve Celik AS (IST:ISDMR) Business Description

Traded in Other Exchanges
N/A
Address
Karayilan Mahallesi, Payas, Sehit Yuzbasi Ali Oquz Bulvari No:1, Hatay, Iskenderun, TUR, 31319
Iskenderun Demir ve Celik AS is engaged in the production and sale of iron products, flat and long steel products, and their by-products. The company's main products are billet, slab, coil, plate, and wire rod and by-products are coke, benzol, ammonium sulfate, and slag.

Iskenderun Demir ve Celik AS (IST:ISDMR) Headlines

No Headlines