Parker Hannifin (BSP:P1HC34) 12-1 Month Momentum %

: 45.39% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-20), Parker Hannifin's 12-1 Month Momentum % is 45.39%.

The industry rank for Parker Hannifin's 12-1 Month Momentum % or its related term are showing as below:

BSP:P1HC34's 12-1 Month Momentum % is ranked better than
87.83% of 2917 companies
in the Industrial Products industry
Industry Median: -2.51 vs BSP:P1HC34: 45.39

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Parker Hannifin'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.

Parker Hannifin 12-1 Month Momentum % Distribution

For the Industrial Products industry and Industrials sector, Parker Hannifin's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Parker Hannifin's 12-1 Month Momentum % falls into.

Parker Hannifin (BSP:P1HC34) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

Parker Hannifin (BSP:P1HC34) 12-1 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 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.

Parker Hannifin 12-1 Month Momentum % Related Terms

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Parker Hannifin (BSP:P1HC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parker Hannifin Corp (BSP:P1HC34) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

PH:USA PH:Mexico 1PH:Italy PAR:Germany

Address

6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141

Website

http://www.phstock.com

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Parker Hannifin (BSP:P1HC34) Headlines

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