OUTKY (Outokumpu Oyj) 12-1 Month Momentum % : -23.83% (As of Dec. 12, 2024)

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What is Outokumpu 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 (2024-12-12), Outokumpu Oyj's 12-1 Month Momentum % is -23.83%.

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

OUTKY's 12-1 Month Momentum % is ranked worse than
78.15% of 650 companies
in the Steel industry
Industry Median: -2.955 vs OUTKY: -23.83

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

For the Steel subindustry, Outokumpu 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.

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

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

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

Outokumpu Oyj (OTCPK:OUTKY) 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.

Outokumpu Oyj (OTCPK:OUTKY) 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.

Outokumpu Oyj 12-1 Month Momentum % Related Terms

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Outokumpu Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OTCPK:OUTKY) » Definitions » 12-1 Month Momentum %

Traded in Other Exchanges

OUT1Vh:UK 0FJ8:UK OUT1V:Finland OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas and Ferrochrome and Other operations. Europe derives the key revenue, consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are used for example in architecture, building and construction, transportation, catering and appliances, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Other operations consist of activities outside the three operating segments, as well as industrial holdings, non-core businesses and strategic group level investments and Ferrochrome produces charge grade of ferrochrome.