12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-25), Kaiser Aluminum's 12-1 Month Momentum % is 33.04%.
The industry rank for Kaiser Aluminum's 12-1 Month Momentum % or its related term are showing as below:
KALU's 12-1 Month Momentum % is ranked better than 88.03% of 2599
companies
in the Metals & Mining industry
Industry Median: -33.33
vs KALU: 33.04
Competitive Comparison of Kaiser Aluminum's 12-1 Month Momentum %
For the Aluminum subindustry, Kaiser Aluminum'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.
Kaiser Aluminum's 12-1 Month Momentum % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kaiser Aluminum's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Kaiser Aluminum's 12-1 Month Momentum % falls into.
Kaiser Aluminum (NAS:KALU) 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.
Kaiser Aluminum (NAS:KALU) 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.
Kaiser Aluminum 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Kaiser Aluminum's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kaiser Aluminum (Kaiser Aluminum) Business Description
Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products primarily to industrial customers. The company purchases primary and scrap aluminum, primarily from its five largest suppliers, and processes it into specialized value-added products. It hedges its aluminum costs in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. Kaiser produces high-strength aluminum products for the aerospace industry, specialized aluminum extrusions for the automotive industry, and also sells products to customers in the general engineering industry. Nearly all of Kaiser's revenue is generated in the US, with the remainder coming from Canada. The company's operations are also located in the U.S. and Canada.
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