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GE Aerospace (LIM:GE) 12-1 Month Momentum % : 53.39% (As of Apr. 25, 2024)

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What is GE Aerospace 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 (2024-04-25), GE Aerospace's 12-1 Month Momentum % is 53.39%.

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

LIM:GE's 12-1 Month Momentum % is ranked better than
84.72% of 301 companies
in the Aerospace & Defense industry
Industry Median: 7.49 vs LIM:GE: 53.39

Competitive Comparison of GE Aerospace's 12-1 Month Momentum %

For the Aerospace & Defense subindustry, GE Aerospace'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.

GE Aerospace's 12-1 Month Momentum % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's 12-1 Month Momentum % distribution charts can be found below:

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

GE Aerospace  (LIM:GE) 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.

GE Aerospace  (LIM:GE) 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.

GE Aerospace 12-1 Month Momentum % Related Terms

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GE Aerospace (LIM:GE) Business Description

5 Necco Street, Boston, MA, USA, 02210
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.

GE Aerospace (LIM:GE) Headlines