12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-14), Primoris Services's 12-1 Month Momentum % is 138.34%.
The industry rank for Primoris Services's 12-1 Month Momentum % or its related term are showing as below:
PRIM's 12-1 Month Momentum % is ranked better than 97.09% of 1784
companies
in the Construction industry
Industry Median: 3.425
vs PRIM: 138.34
Competitive Comparison of Primoris Services's 12-1 Month Momentum %
For the Engineering & Construction subindustry, Primoris Services'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.
Primoris Services's 12-1 Month Momentum % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Primoris Services's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Primoris Services'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.
Primoris Services 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Primoris Services's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.
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