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Epiroc AB (OSTO:EPI A) 12-1 Month Momentum % : 6.96% (As of Jul. 21, 2024)


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What is Epiroc AB 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 (2024-07-21), Epiroc AB's 12-1 Month Momentum % is 6.96%.

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

OSTO:EPI A's 12-1 Month Momentum % is ranked better than
63.26% of 215 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: -1.39 vs OSTO:EPI A: 6.96

Competitive Comparison of Epiroc AB's 12-1 Month Momentum %

For the Farm & Heavy Construction Machinery subindustry, Epiroc AB'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.


Epiroc AB's 12-1 Month Momentum % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Epiroc AB's 12-1 Month Momentum % distribution charts can be found below:

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



Epiroc AB  (OSTO:EPI A) 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.


Epiroc AB  (OSTO:EPI A) 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.


Epiroc AB 12-1 Month Momentum % Related Terms

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Epiroc AB (OSTO:EPI A) Business Description

Address
Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-131 54
Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company's products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on the Nasdaq Stockholm in June 2018.

Epiroc AB (OSTO:EPI A) Headlines

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