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TMRAY (Tomra Systems ASA) 6-1 Month Momentum % : 3.56% (As of Dec. 15, 2024)


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What is Tomra Systems ASA 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), Tomra Systems ASA's 6-1 Month Momentum % is 3.56%.

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

TMRAY's 6-1 Month Momentum % is ranked better than
53.28% of 259 companies
in the Waste Management industry
Industry Median: -0.74 vs TMRAY: 3.56

Competitive Comparison of Tomra Systems ASA's 6-1 Month Momentum %

For the Waste Management subindustry, Tomra Systems ASA'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.


Tomra Systems ASA's 6-1 Month Momentum % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tomra Systems ASA's 6-1 Month Momentum % distribution charts can be found below:

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



Tomra Systems ASA  (OTCPK:TMRAY) 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.


Tomra Systems ASA  (OTCPK:TMRAY) 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.


Tomra Systems ASA 6-1 Month Momentum % Related Terms

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Tomra Systems ASA Business Description

Address
Drengsrudhagen 2, Asker, NOR, 1385
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in the business areas of packaging, collection, compaction, recycling, ore sorting and food production. It provides reverse vending machines, sensor-based sorting machines and integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, and TOMRA Food. Geographically, the company generates revenue from Northern Europe, America, Asia, Oceania, and the rest of Europe.

Tomra Systems ASA Headlines

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