12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-30), Mesa Laboratories's 12-1 Month Momentum % is -34.10%.
The industry rank for Mesa Laboratories's 12-1 Month Momentum % or its related term are showing as below:
MLAB's 12-1 Month Momentum % is ranked worse than 85.93% of 2430
companies
in the Hardware industry
Industry Median: -1.36
vs MLAB: -34.10
Competitive Comparison of Mesa Laboratories's 12-1 Month Momentum %
For the Scientific & Technical Instruments subindustry, Mesa Laboratories'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.
Mesa Laboratories's 12-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Mesa Laboratories's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Mesa Laboratories's 12-1 Month Momentum % falls into.
* 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.
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.
Mesa Laboratories 12-1 Month Momentum % Related Terms
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Mesa Laboratories (Mesa Laboratories) Business Description
Mesa Laboratories Inc manufactures life sciences tools and critical quality control products. It operates in 4 divisions: Sterilization and Disinfection Control, which manufactures and sells biological, cleaning, and chemical indicators. It also provides testing and laboratory services, mainly to the dental industry; Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions; Calibration Solutions division develops, manufactures, and sells quality control and calibration products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters for health and safety purposes; and Clinical Genomics. Its geographical segments include United States and Foreign.
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