Snap-on (BUE:SNA) 12-1 Month Momentum %

: 201.75% (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 (2024-04-19), Snap-on's 12-1 Month Momentum % is 201.75%.

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

BUE:SNA's 12-1 Month Momentum % is ranked better than
69.9% of 2917 companies
in the Industrial Products industry
Industry Median: -2.51 vs BUE:SNA: 201.75

Competitive Comparison

For the Tools & Accessories subindustry, Snap-on'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.

Snap-on 12-1 Month Momentum % Distribution

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

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

Snap-on (BUE:SNA) 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.

Snap-on (BUE:SNA) 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.

Snap-on 12-1 Month Momentum % Related Terms

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Snap-on (BUE:SNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Snap-on Inc (BUE:SNA) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

SNA:USA SPU:Germany SPU:Germany S1NA34:Brazil

Address

2801 80th Street, Kenosha, WI, USA, 53143

Website

https://www.snapon.com

Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.