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), National Presto Industries's 12-1 Month Momentum % is 12.25%.
The industry rank for National Presto Industries's 12-1 Month Momentum % or its related term are showing as below:
NPK's 12-1 Month Momentum % is ranked better than 53.97% of 302
companies
in the Aerospace & Defense industry
Industry Median: 7.705
vs NPK: 12.25
Competitive Comparison
For the Aerospace & Defense subindustry, National Presto Industries'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.
National Presto Industries 12-1 Month Momentum % Distribution
For the Aerospace & Defense industry and Industrials sector, National Presto Industries's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where National Presto Industries's 12-1 Month Momentum % falls into.
National Presto Industries (NYSE:NPK) 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.
National Presto Industries (NYSE:NPK) 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.
National Presto Industries 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of National Presto Industries's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
National Presto Industries (National Presto Industries) Business Description
National Presto Industries Inc has an eclectic product portfolio consisting of household appliances, ammunition, and diapers. The company operates in three segments viz Defense, Housewares/Small Appliance, and Safety. The majority of the revenue is earned from the defense segment which is engaged in manufacturing 40mm ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases; performs Load, Assemble, and Pack (LAP) operations on ordnance-related products for the U.S. Government and prime contractor. While Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances; the safety segment provides safety technology empowering organizations and individuals to protect what is more important.
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