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), Knight-Swift Transportation Holdings's 12-1 Month Momentum % is -6.94%.
The industry rank for Knight-Swift Transportation Holdings's 12-1 Month Momentum % or its related term are showing as below:
KNX's 12-1 Month Momentum % is ranked worse than 59.59% of 1032
companies
in the Transportation industry
Industry Median: 0.295
vs KNX: -6.94
Competitive Comparison
For the Trucking subindustry, Knight-Swift Transportation Holdings'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.
Knight-Swift Transportation Holdings 12-1 Month Momentum % Distribution
For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Knight-Swift Transportation Holdings's 12-1 Month Momentum % falls into.
* 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.
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.
Knight-Swift Transportation Holdings 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Knight-Swift Transportation Holdings's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Business Description
Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.
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