BLSFY (BlueScope Steel) 6-1 Month Momentum % : 3.71% (As of Dec. 13, 2024)

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What is BlueScope Steel 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 (2024-12-13), BlueScope Steel's 6-1 Month Momentum % is 3.71%.

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

BLSFY's 6-1 Month Momentum % is ranked better than
66.92% of 659 companies
in the Steel industry
Industry Median: -4.8 vs BLSFY: 3.71

Competitive Comparison of BlueScope Steel's 6-1 Month Momentum %

For the Steel subindustry, BlueScope Steel'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.

BlueScope Steel's 6-1 Month Momentum % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BlueScope Steel's 6-1 Month Momentum % distribution charts can be found below:

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

BlueScope Steel (OTCPK:BLSFY) 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.

BlueScope Steel (OTCPK:BLSFY) 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.

BlueScope Steel 6-1 Month Momentum % Related Terms

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BlueScope Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (OTCPK:BLSFY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

BLSFF:USA BH5:Germany BSL:Australia

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australia-based steelmaker with five business units. The Australian steel products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's US minimill, specializing in the production of hot rolled coil for US construction and automotive sectors. Building products Asia operates across Southeast Asia, China, and India, and the US building and coated products North America is involved in metal coating and painting, and the supply to nonresidential construction projects using BlueScope's materials. New Zealand steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands.