12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), Ampco-Pittsburgh's 12-1 Month Momentum % is -22.26%.
The industry rank for Ampco-Pittsburgh's 12-1 Month Momentum % or its related term are showing as below:
AP's 12-1 Month Momentum % is ranked worse than 76.71% of 2924
companies
in the Industrial Products industry
Industry Median: 0.585
vs AP: -22.26
Competitive Comparison of Ampco-Pittsburgh's 12-1 Month Momentum %
For the Metal Fabrication subindustry, Ampco-Pittsburgh'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.
Ampco-Pittsburgh's 12-1 Month Momentum % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ampco-Pittsburgh's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ampco-Pittsburgh'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.
Ampco-Pittsburgh 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Ampco-Pittsburgh's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description
Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.
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