Rautaruukki Oyj (OHEL:RTRKS) 12-1 Month Momentum % : N/A% (As of Jun. 05, 2024)

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

What is Rautaruukki Oyj 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 (2024-06-05), Rautaruukki Oyj's 12-1 Month Momentum % is N/A%.

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

OHEL:RTRKS's 12-1 Month Momentum % is not ranked ^*
in the Steel industry.
Industry Median: 6.67
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of Rautaruukki Oyj's 12-1 Month Momentum %

For the Steel subindustry, Rautaruukki Oyj'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.

Rautaruukki Oyj's 12-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rautaruukki Oyj's 12-1 Month Momentum % distribution charts can be found below:

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

Rautaruukki Oyj (OHEL:RTRKS) 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.

Rautaruukki Oyj (OHEL:RTRKS) 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.

Rautaruukki Oyj 12-1 Month Momentum % Related Terms

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

Rautaruukki Oyj (OHEL:RTRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rautaruukki Oyj (OHEL:RTRKS) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ruukki.com

Rautaruukki Oyj supplies metal-based components, systems and integrated systems to construction and the engineering industry. The company's operations are structured into three divisions: construction, engineering, and steel business. Its construction division supplies steel construction solutions for commercial and industrial construction, as well as for infrastructure foundation and transport infrastructure projects. The divisions' product portfolio includes building frames, wall and roofing products, integrated systems for single and multi-story construction, bridges, traffic noise barriers and highway guard rails, piles, retaining wall structures and foundations for harbor construction. Its customers include developers, designs and builders of commercial, industrial and office premises, logistics and sports complexes and infrastructure services as well as roofing suppliers. Its engineering division supplies systems and components to the engineering industry, such as cabins, booms, masts and frames for goods and container handling, the construction industry and mining and forestry, telescopic booms, frames and parts; windmill components and oil sumps. Main markets serve international European companies, specifically the lifting, handling, and transportation equipment industry, the energy industry, the marine and offshore industry and the paper and wood industry. The Metals division supplies steel products associated with prefabrication, logistics and storage services. The division's product portfolio consists of hot and cold-rolled steels, metal and color-coated steels, tubes and profiles and stainless steel and aluminum sold as trading products. Its customers include the transportation equipment, construction, engineering and electronics industries in Europe and Russia.

Rautaruukki Oyj (OHEL:RTRKS) Headlines

No Headlines