12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-08-09), The Shyft Group's 12-1 Month Momentum % is -51.37%.
The industry rank for The Shyft Group's 12-1 Month Momentum % or its related term are showing as below:
SHYF's 12-1 Month Momentum % is ranked worse than 91.67% of 192
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: -18.45
vs SHYF: -51.37
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, The Shyft Group'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.
The Shyft Group 12-1 Month Momentum % Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where The Shyft Group's 12-1 Month Momentum % falls into.
The Shyft Group (NAS:SHYF) 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.
The Shyft Group (NAS:SHYF) 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.
The Shyft Group 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of The Shyft Group's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Shyft Group Inc is a North American specialty vehicle manufacturer, engaged in assembling and upfitting for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Group is organized into two core business units Fleet Vehicles and Services and Specialty Vehicles. Its brands include Utilimaster, Royal Truck Body, Strobes-R- Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. It operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico.
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