Waterco (ASX:WAT) 6-1 Month Momentum % : 2.88% (As of Jun. 25, 2024)

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What is Waterco 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-25), Waterco's 6-1 Month Momentum % is 2.88%.

The industry rank for Waterco's 6-1 Month Momentum % or its related term are showing as below:

ASX:WAT's 6-1 Month Momentum % is ranked better than
56.4% of 3025 companies
in the Industrial Products industry
Industry Median: -0.65 vs ASX:WAT: 2.88

Competitive Comparison of Waterco's 6-1 Month Momentum %

For the Pollution & Treatment Controls subindustry, Waterco's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.

Waterco's 6-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Waterco's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Waterco's 6-1 Month Momentum % falls into.

Waterco (ASX:WAT) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-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.

Waterco (ASX:WAT) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.

Waterco 6-1 Month Momentum % Related Terms

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Waterco (ASX:WAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waterco Ltd (ASX:WAT) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 South Street, Rydalmere, Sydney, NSW, AUS, 2116

Website

https://www.waterco.com.au

Waterco Ltd engages in the manufacture and distribution of pool and spa products and water treatment equipment. The firm involves in the wholesale, export, and manufacture of equipment and accessories in the swimming pool, spa pool, spa bath, rural pump. The company's pool and spa products comprise commercial accessories and chemical dosers, commercial heating products and pumps, test kits and maintenance products, chemical pool products, pool, and spa blowers, swimming pool and spa valves, recirculation accessories, pool lighting products, robotic pool cleaners, pool suction cleaners, spa equipment, hydroxzone ozone generators. Its maximum revenue is generated from Australia and New Zealand.