Omega Flex (Omega Flex) 12-1 Month Momentum %

: -38.47% (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 (2024-04-24), Omega Flex's 12-1 Month Momentum % is -38.47%.

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

OFLX's 12-1 Month Momentum % is ranked worse than
89.17% of 2928 companies
in the Industrial Products industry
Industry Median: 0.475 vs OFLX: -38.47

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Omega Flex'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.

Omega Flex 12-1 Month Momentum % Distribution

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

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

Omega Flex (NAS:OFLX) 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.

Omega Flex (NAS:OFLX) 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.

Omega Flex 12-1 Month Momentum % Related Terms

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Omega Flex (Omega Flex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omega Flex Inc (NAS:OFLX) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Creamery Way, Exton, PA, USA, 19341-2509

Website

https://www.omegaflexcorp.com

Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

Executives

Susan B. Asch	officer: General Counsel & Secretary	451 CREAMERY WAY, EXTON PA 19341
Matthew Francis Unger	officer: Vice President - CFO	C/O OMEGA FLEX, INC., 451 CREAMERY WAY, EXTON PA 19341
Dean W. Rivest	officer: President	451 CREAMERY WAY, EXTON PA 19341
Edwin B. Moran	officer: Executive Vice President	451 CREAMERY WAY, EXTON PA 19341
Timothy P. Scanlan	officer: Secretary	213 COURT STREET, MIDDLETOWN CT 06457
Mark F Albino	director, officer: COO & Exec VP	451 CREAMERY WAY, EXTON PA 19341
Stewart B Reed	director	260 NORTH ELM STREET, WESTFIELD MA 01085
Kevin R Hoben	director, 10 percent owner, officer: President	451 CREAMERY WAY, EXTON PA 19341
Derek Glanvill	director	10088 CARTERS MANOR DRIVE, LADUE MO 63124
Omega Flex, Inc.	officer: Sr. Vice President	451 CREAMERY WAY, EXTON PA 19341
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Paul James Kane	officer: VP - Finance	1085 NICOLE DRIVE, NEWTOWN SQUARE PA 19073
Steven A Treichel	director	451 CREAMERY WAY, EXTON PA 19341
Reed Estate Of John E	10 percent owner	260 NORTH ELM STREET, WESTFIELD MA 01085
David K Evans	director	517 PYLON DRIVE, RALEIGH NC 27606