12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-07-01), Fastenal Co's 12-1 Month Momentum % is 3.00%.
The industry rank for Fastenal Co's 12-1 Month Momentum % or its related term are showing as below:
FAST's 12-1 Month Momentum % is ranked better than 62.67% of 150
companies
in the Industrial Distribution industry
Industry Median: -3.25
vs FAST: 3.00
Competitive Comparison
For the Industrial Distribution subindustry, Fastenal Co'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.
Fastenal Co 12-1 Month Momentum % Distribution
For the Industrial Distribution industry and Industrials sector, Fastenal Co's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Fastenal Co's 12-1 Month Momentum % falls into.
Fastenal Co (NAS:FAST) 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.
Fastenal Co (NAS:FAST) 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.
Fastenal Co 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Fastenal Co's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,800 branches, over 1,400 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
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