GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (FRA:RMZ) » Definitions » 6-1 Month Momentum %

Russel Metals (FRA:RMZ) 6-1 Month Momentum % : 11.63% (As of Dec. 15, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Russel Metals 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 (2024-12-15), Russel Metals's 6-1 Month Momentum % is 11.63%.

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

FRA:RMZ's 6-1 Month Momentum % is ranked better than
73.08% of 156 companies
in the Industrial Distribution industry
Industry Median: -2.955 vs FRA:RMZ: 11.63

Competitive Comparison of Russel Metals's 6-1 Month Momentum %

For the Industrial Distribution subindustry, Russel Metals'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.


Russel Metals's 6-1 Month Momentum % Distribution in the Industrial Distribution Industry

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

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



Russel Metals  (FRA:RMZ) 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.


Russel Metals  (FRA:RMZ) 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.


Russel Metals 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Russel Metals's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Russel Metals Business Description

Traded in Other Exchanges
Address
6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; Energy Field Stores; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The Energy Field Stores segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.

Russel Metals Headlines

No Headlines