Textron (BSP:T1XT34) 12-1 Month Momentum %

: 2.10% (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 (2024-04-23), Textron's 12-1 Month Momentum % is 2.10%.

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

BSP:T1XT34's 12-1 Month Momentum % is ranked better than
71.52% of 302 companies
in the Aerospace & Defense industry
Industry Median: 7.705 vs BSP:T1XT34: 2.10

Competitive Comparison

For the Aerospace & Defense subindustry, Textron'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.

Textron 12-1 Month Momentum % Distribution

For the Aerospace & Defense industry and Industrials sector, Textron's 12-1 Month Momentum % distribution charts can be found below:

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

Textron (BSP:T1XT34) 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.

Textron (BSP:T1XT34) 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.

Textron 12-1 Month Momentum % Related Terms

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Textron (BSP:T1XT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (BSP:T1XT34) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

TXT:USA TXT:Germany

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Textron (BSP:T1XT34) Headlines

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