What is Puradyn Filter Technologies 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 (2024-05-24), Puradyn Filter Technologies's 12-1 Month Momentum % is N/A%.
The industry rank for Puradyn Filter Technologies's 12-1 Month Momentum % or its related term are showing as below:
PFTI's 12-1 Month Momentum % is not ranked *
in the Vehicles & Parts industry.
Industry Median: -1.67 * Ranked among companies with meaningful 12-1 Month Momentum % only.
Competitive Comparison of Puradyn Filter Technologies's 12-1 Month Momentum %
For the Auto Parts subindustry, Puradyn Filter Technologies'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.
Puradyn Filter Technologies's 12-1 Month Momentum % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Puradyn Filter Technologies's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Puradyn Filter Technologies'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.
Puradyn Filter Technologies 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Puradyn Filter Technologies's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Puradyn Filter Technologies (Puradyn Filter Technologies) Business Description
Puradyn Filter Technologies Inc involves in designing manufactures and distributes Puradyn oil filtration system. Its product is used for all combustion engines and hydraulic equipment that use lubricating oil. The filtration system primarily cleans oil by providing a second circuit of oil filtration and provides treatment to continually remove solid, liquid and gaseous contaminants from the oil through filtration and evaporation process. The filtration system is offered in two models namely MTS and a custom engineered hydraulic system. The company markets its product and generates revenue from across the globe.
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